Posts From Fintech News Singapore
TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding
It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases, Modular Service Kiosks are the perfect alternative, extending financial and payment services to
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OCBC Offers Fully Digital Account Opening for Foreigners Relocating to Singapore
OCBC has launched a fully digital Singapore dollar and multi currency accounts opening service for foreigners from Malaysia, Indonesia, mainland China and Hong Kong SAR looking to relocate to Singapore. The bank expects the monthly average of foreigners who open
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JPMorgan Set to Establish Commercial Bank in Singapore
JPMorgan Chase & Co will be establishing its commercial bank in Singapore as part of its global expansion plans, according to a Reuters report. The bank which currently serves more than 650 clients across 26 countries. Through this global push,
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Ripple Gets In-Principle Approval to Offer Digital Payment Token Services
Ripple’s Singapore subsidiary has obtained in-principle approval for a Major Payments Institution license from the Monetary Authority of Singapore (MAS). The enterprise blockchain and crypto solutions provider will now be able to offer regulated digital payment token products and services
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MAS Fines Citi, DBS, OCBC, and Swiss Life Following Wirecard Probe
The Monetary Authority of Singapore (MAS) has imposed penalties amounting to S$3.8 million in total on Citibank, DBS Bank, OCBC, and Swiss Life for breaching its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. MAS discovered these breaches
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dtcpay Raises US$16.5M Pre-series A to Expand Global Presence
dtcpay, a Singapore-based digital payments platform, has raised US$16.5 million in a pre-Series A funding round led by the Chairman of Pontiac Land Group Kwee Liong Tek. The firm said that the funding will be used to further invest in
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MAS Outlines Standards for Digital Money in Latest Whitepaper
The Monetary Authority of Singapore (MAS) has proposed a common protocol for digital money as financial institutions and fintech firms are launching trials for purpose bound money (PBM)under different scenarios. In its latest whitepaper, MAS details technical specifications that outline
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Top 5 Fintech and IT Masters Programs in Singapore
As the financial industry continues to undergo rapid digital transformation, professionals with expertise in fintech and IT are in high demand. As a result, numerous educational institutions around the world have launched specialized Masters programs in fintech to cater to
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Grab to Layoff 1,000 Employees, Stresses Its Not a “Shortcut to Profitability”
Singapore-based tech giant Grab Holdings will be laying off 1,000 of its employees in a “painful but necessary step” according to an email extract that CEO Anthony Tan had sent out company-wide yesterday. He stressed that the decision was not
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GHL Enables Alipay+ for Over 2,600 Thai Businesses
GHL Systems (GHL), a payment service company in ASEAN region, has enabled Alipay+ for over 2,600 businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets. This includes AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch
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