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Top 10 Stories from Singapore Fintech Festival 2021
The 6th edition of the Singapore Fintech Festival (SFF) took place this week as a hybrid event combining both digital and physical elements aimed at bringing together the largest crowd of fintech experts, policymakers and key stakeholders. The week-long SFF
Read MoreDigital Assets Trading Platform Sparrow Raises US$4.4 Million Series A
Sparrow, a digital assets trading platform headquartered in Singapore, has raised US$4.4 million in Series A funding led by Gain Loyal, an investment company focusing on real estate investments in Asia. The company intends to use the funds to create
Read MoreBlockchain Association Singapore and NTUC Raise S$400K in NFT Charity Auction
Blockchain Association Singapore (BAS) and the National Trades Union Congress’ U Care Fund (NTUC-U Care Fund) jointly hosted the Blockchain for Good Event Night 2021 to recognise those who have contributed to the nation’s first Non-Fungible Token (NFT) charity auction.
Read MoreNETS Announces Two New Board Appointments From OCBC
Network for Electronic Transfers (NETS) announced that Sunny Quek and Melvyn Low have been appointed to its Board of Directors, effective 1st November 2021 onwards. Sunny Quek, who is OCBC’s Head of Consumer Financial Services, succeeds Ching Wei Hong, the
Read MoreMeet the Winners of MAS’ Global CBDC Challenge
The Monetary Authority of Singapore (MAS) has announced the winners of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the Fintech Awards Ceremony of the Singapore Fintech Festival (SFF). Selected from 15 finalists, the three top winners each
Read MoreIMDA, MAS and ADGM Complete World’s First Digital Trade Financing Pilot
Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have successfully concluded the world’s first cross-border digital trade financing pilot of its kind. Commercial
Read MoreDBS Digital Exchange Reports Robust Growth Since It Went Operational 24/7
DBS Digital Exchange (DDEx) announced that it had recorded over S$600 million in digital assets under custody as at the end of October, triple the amount recorded in the previous month. The exchange has since witnessed robust growth since it
Read MoreHuobi’s Singapore Users Urged to Withdraw Digital Assets by March 2022
Huobi Global, a global blockchain asset financial services provider, announced that it will no longer be able to offer services to Singaporean users. The company cited the country’s strict regulations as a reason and will be closing the accounts of
Read MoreRise of Financial Crime 4.0 Calls for Use of Advanced Technologies
The continued proliferation of digital technologies and the ongoing shift to online channels have heralded a new age of financial crime, one marked by undefined geographies and increased sophistication of attacks. In light of this new reality, professionals in the
Read MoreASEAN’s Fintech Funding Tripled to US$3.5 Billion, Singapore Pulled in Lion’s Share
Fintech funding in ASEAN has more than tripled to a record high of US$3.5 billion in 2021 from 2020, with Singapore retaining the top spot thanks to its mega-rounds. According to the “Fintech in ASEAN 2021: Digital Takes Flight” report
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