Posts From Fintech News Singapore
Opportunities Lie Ahead for Swiss Fintech Startups in Vietnam
In Vietnam, rising demand for digital financial solutions, supportive policies and government initiatives to nurture fintech innovation are providing tremendous opportunities which Swiss fintech players should tap into, a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE) says. The
Read More
Crypto.com to Set up Global Innovation Lab for Blockchain, WEB3.0 and AI Projects
Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub. The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as
Read More
MAS Releases Open-Source AI Toolkit to Promote Responsible Use in Finance Sector
The Monetary Authority of Singapore (MAS) has released an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry. The Veritas Toolkit version 2.0 comes on the back of an earlier version released in February
Read More
MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
Read More
Hugosave Taps Karl Franks as COO to Expand Asia Footprint
Singapore-based wealth and savings app Hugosave announced that it has appointed Karl Franks as its new COO to drive its strategic growth initiatives in Singapore and Asia Pacific. Karl will also oversee the day-to-day operations and enhance its effectiveness. With
Read More
ABS Rolls Out Trade Finance Registry to Eliminate Duplicate Transactions
The Association of Banks in Singapore (ABS) has launched the Trade Finance Registry (TFR) to ensure there will be no duplication of trade financing transactions, according to a report by The Edge Singapore. Chaired by UOB, the TFR is supported
Read More
Singlife Ties up With Aspire to Offer SMEs Greater Access to Financial Services
Homegrown financial services company Singlife has partnered with Singaporean B2B fintech Aspire to enable regional small-to-medium enterprises (SMEs) greater access to financial services. This partnership is the first to be launched under the fintech accelerator programme Singlife Connect which focuses
Read More
UNDP, GLEIF and MAS to Work on Digital ESG Credentials for MSMEs Worldwide
The United Nations Development Programme (UNDP), Global Legal Entity Identifier Foundation (GLEIF) and Monetary Authority of Singapore (MAS) will be working together to develop digital ESG credentials for micro, small and medium-sized enterprises (MSMEs) worldwide. MAS will deploy the ESGenome
Read More
Fintechs Are Outperforming Banks in Driving Financial Inclusion
In Southeast Asia, digitalization and technology are playing an important role in expanding access to financial services and fintech companies are spearheading the movement, a new research by the Centre for Impact Investing and Practices (CIIP), a non-profit established by
Read More
AWS Invests US$100 Million for Generative AI Innovation Center
Amazon Web Services (AWS) announced that it will invest US$$100 million in its AWS Generative AI Innovation Center. The new programme aims to help companies successfully build and deploy generative artificial intelligence (AI) solutions. The programme will connect AWS AI
Read More