Archive
MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX
The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions
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WIAM Group Set to Expand Its Proprietary Neo-Financing Technology Globally
Fintech firm WIAM Group has set out to realise its international expansion plans to bring its proprietary “neo-financing technology” to empower consumers around the globe. Having raised its own seed funding, WIAM’s founders plan to establish partnerships in other regions
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VC Plus Gets In-Principle Approval to Provide Custodial Services for Digital Assets
Investment firm VC Plus announced that its subsidiary Custody Plus has received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This allows Custody Plus to provide custodial services for capital market products,
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Singlife with Aviva Appoints Dr. Allen Kuo as Its Group Deputy Chief Investment Office
Financial services company Singlife with Aviva announced that it has appointed Dr. Allen Kuo as its Group Deputy Chief Investment Officer. He will strengthen specialist skills within the Investment Office as well as provide leadership and guidance as Singlife bolsters
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HSBC Singapore Appoints New Head of Wealth and Personal Banking
HSBC announced the appointment of Ashmita Acharya as Head of Wealth and Personal Banking (WPB) in Singapore, with effect 18 January 2023. Ashmita will report to both Wong Kee Joo, CEO, HSBC Singapore and Greg Hingston, CEO, HSBC Global Insurance
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ADDX Sells Stake in Taiwan’s Web 3.0 Infrastructure Platform CYBAVO to Circle
Global private market exchange ADDX has sold its stake in Taiwanese Web 3.0 infrastructure platform CYBAVO to Circle, a global financial technology firm and issuer of USD Coin (USDC). ADDX was a pre-Series A investor in CYBAVO and held a
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Thailand and Vietnam Officially Launches QR Payment Linkage
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) announced that they have officially launched their joint QR payment services as an alternative means of cross-border payments between the two countries. Nguyen Kim Anh, Deputy Governor of
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Indonesia’s Open Finance Scene Heats Up as Consumer Interest Heightens
In Indonesia, consumers are showing high levels of awareness and interest in open finance and embedded fintech, with most people agreeing that sharing their data allows them to be provided with better products and services, as well as tailored recommendations,
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Finding the Light at the End of the Fintech Layoffs Tunnel
Fintech firms in ASEAN are not unaffected by the employment cuts hitting the headlines this year. Compared to 2021, when the industry was flushed with record funding and mass hiring, 2022 completely flipped the script and ended with belts tightened
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Agile Banking Transformation: A New Era in Banking
The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact
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