Posts From Fintech News Singapore
Michele Bullock to Succeed Philip Lowe as RBA Governor
The Reserve Bank of Australia’s (RBA) Deputy Governor Michele Bullock has appointed as the new Governor for a seven-year term commencing 18 September 2023. She will be the first woman to lead the RBA. The role of the Reserve Bank’s
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Singapore, Cambodia to Launch Financial Transparency Corridor for SMEs
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) will set up a financial transparency corridor (FTC) initiative to facilitate trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in both countries. FTC
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Nominations for SFF’s Global Fintech Awards Are Now Open
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) are calling for nominations for the Global Fintech Awards at the Singapore Fintech Festival 2023 (SFF). In its eighth year, the awards, supported by PwC Singapore, seek to
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DBS Equips 1,800 of Its Relationship Managers With Sustainable Financing Skills
DBS has upskilled over 1,600 institutional banking relationship managers (RMs) and 170 credit risk managers (CRMs) to deepen their knowledge in sustainable financing practices through specialised Climate Activation Workshops. These workshops which DBS has been organising since December last year
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Citi to Pilot Digital Platform for Commercial Banking Clients in Singapore, India, HK
Citi announced that it will pilot its new platform in the second half of 2023 across Singapore, India, Hong Kong, and the U.K. This is part of Citi’s significant strategic investment plan to meet the growing global needs of these
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FIS Sells 55% Stake in Worldpay to GTCR in US$11.7 Billion Deal
Global payments service provider FIS has signed a definitive agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity firm GTCR. The transaction is expected to close by Q1 2024 and is pending regulatory approvals. GTCR
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Finmo Eyes Singapore Launch With In-Principle Approval for Payment License
Payments company Finmo announced its upcoming launch plans for Singapore after receiving the In-Principle Approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS) in March 2023. This will grant Singapore businesses access to Finmo’s comprehensive
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ESG Fintech to Play Critical Role in Net-Zero Journey
As the world races to achieve net-zero carbon emissions, the financial services sector is facing the challenge of reducing its financed emissions. Against this backdrop, ESG fintech, which leverages data and technology for environmental, social, and governance (ESG) purposes, will
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5 APAC Companies Make 2023 Top AI Fintech Companies List
The rise of artificial intelligence (AI) these past couple of years has been one of the most significant technological revolutions in recent history, promising a substantial impact on productivity, employment and innovation. Across all sectors, the fintech industry has been
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Bain to Acquire APAC Arm of Global Venture-Building Studio Rainmaking
Bain & Company announced that it intends to acquire the Asia Pacific arm of global venture-building and startup development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses. The acquisition is subject to, and
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