Archive
Singapore Digitalises Bankers Guarantees and Insurance Bonds With eGuarantee@Gov
Providing banker’s guarantees or insurance bonds to government agencies in Singapore can now be done online and within one day using eGuarantee@Gov, said Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman of the Monetary Authority of
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StraitsX Pilots Three Stablecoin Applications at SFF to Showcase Real-World Use Cases
Crypto payment infrastructure company StraitsX is piloting a series of stablecoin applications at the Singapore Fintech Festival 2022 to showcase stablecoins’ real-world use cases and business benefits. The three use cases, done in collaboration with IDEMIA, The HBAR Foundation, Mastercard
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CFTE Releases Skills Framework to Evaluate the Skills Required in Fintech
The Centre for Finance, Technology and Entrepreneurship (CFTE) announced the release of its SHIME skills framework, aimed at assisting individuals, corporations, and governments to become more digitally literate by upskilling at the Singapore Fintech Festival. According to CFTE, the framework
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MAS Commits S$150 Million Funding to Innovate Financial Sector
The Monetary Authority of Singapore (MAS) is opening a fresh round of funding for the Financial Sector Technology and Innovation Scheme (FTSI), amounting to S$150 million for the next three years. This was announced by Lawrence Wong, Singapore’s Deputy Prime
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Singapore to Eliminate Cheques by 2025
The Monetary Authority of Singapore (MAS) has issued a public consultation paper to study the possibility of eliminating all corporate cheques and terminate central cheque clearing by 2025. The announcement was made by Deputy Prime Minister and Minister for Finance
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Singaporeans Can Now View Their Insurance Data on SGFinDex
Individuals can now digitally access and aggregate information on their life, accident and health insurance policies by participating insurers, the Monetary Authority of Singapore (MAS) and Smart Nation and Digital Government Group (SNDGG) announced today. Policyholders can access the information
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MAS Completes Its First Digital Asset Live Trades Under Project Guardian
The Monetary Authority of Singapore (MAS) announced that Project Guardian, its project exploring decentralised finance (DeFi) applications in wholesale funding markets, has completed its first live trades. The trades were conducted under Project Guardian’s first industry pilot which saw DBS,
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Singapore, China Strengthen Green Finance and Capital Market Cooperation
New initiatives to expand cooperation in green finance and deepen capital market linkages with China were recently announced by the Monetary Authority of Singapore (MAS) at Singapore’s 18th Joint Council for Bilateral Cooperation (JCBC). Among the initiatives is the establishment
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UOB and Personetics Launch AI-Driven Automated Savings Feature
United Overseas Bank (UOB), in partnership with Personetics, announced the launch of Auto-Save, on the TMRW mobile banking app in Indonesia today at the Singapore Fintech Festival 2022. Powered by Personetics’ Artificial Intelligence (AI) and advanced data analytics solutions, the
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Embedded Finance Firm Weavr Expands to Singapore
Weavr is setting up in Singapore as part of its efforts to make embedded financial services available to any digital business. The official launch was held at the Singapore Fintech Festival 2022, where Weavr is part of the United Kingdom
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