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MAS and India’s IFSCA Sign MoU for Supervisory Cooperation

India’s International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) on supervisory cooperation in the presence of the Prime Minister of India Shri. Narendra Modi. The IFSCA is a

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GTN Appoints New Global Head of Fintech to Push Global Expansion Plans

Global Trading Network (GTN), a fintech-powered global trading and investment ecosystem, has appointed Ankit Shah as Global Head of Fintech as it continues strengthening its management team. As Global Head of Fintech, he will strengthen and grow GTN’s proposition for

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Global Embedded Banking Revenue Expected to Reach US$160B by 2025

Despite it being a relatively recent concept, embedded finance has grown rapidly in recent years. The trend is expected to rise further moving forward, with digital consulting company Publicis Sapient forecasting an annual growth rate of 41% in global embedded

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Capgemini Appoints Wendy Koh to Lead Its Southeast Asia Business

Capgemini, a multinational information technology services and consulting company, announced that it has appointed Wendy Koh to lead its growing business across Southeast Asia. Koh brings more than 25 years of industry sales, strategy and general management experience across Asia

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DPM: Singapore and Switzerland to Deepen Ties to Break New Grounds in Fintech

Global financial centers such as Singapore and Switzerland need to set aside competition to collaborate on new frontiers as pioneering work thrives on the circulation of innovation and ideas said Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for

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MAS Partners IFC and UNDP to Launch Global MSME Empowerment Programme

The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), has launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and

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DBS Completes First Live Transaction on Digital Data Exchange SGTraDex

DBS has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex), a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic

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24 Fintech Founders And Investors Make Forbes’ 30 Under 30 Asia 2022 List

Forbes has released its annual 30 Under 30 Asia list, recognizing 300 young entrepreneurs, leaders and trailblazers in Asia Pacific (APAC), all under the age of 30, across 10 different categories. In Finance & Venture Capital, the 30 honorees include

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OCBC Hit With S$330 Million Additional Cap Requirement After Phishing Scam

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank. The regulator said that this move was in response to the deficiencies in the bank’s response to a wave of spoofed

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Singapore, Switzerland Join Forces to Promote Data Connectivity for Financial Services

The Swiss State Secretariat for International Finance (SIF) and the Monetary Authority of Singapore (MAS) jointly issued a statement of intent to promote data connectivity for financial services. SIF and MAS said that they recognise the importance of a sound regulatory

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