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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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MAS: Over 9000 Job Opportunities to Be Created in the Financial Sector This Year
The Monetary Authority of Singapore (MAS) estimates that there will be more than 9,400 new hiring opportunities for permanent roles in the financial sector in 2022 as the country is now home to over 50 global and regional innovation labs
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Visa Picks 5 Startups for Its APAC Accelerator Programme This Year
Visa has selected Cymonz, Moneytree, Perfios, TallyKhata and TripleA to join the 2022 cohort of its Visa Accelerator Programme in Asia Pacific. Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities they
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Singapore and Australia to Deepen Fintech Collaboration
Australia Treasury and the Monetary Authority of Singapore (MAS) jointly announced that they have signed the Australia-Singapore Fintech Bridge Agreement. The commencement of discussions to develop the Fintech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison
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10×1000 Tech for Inclusion Platform Witnessed More Than 1,000 Learners in 2021
Fintech training platform 10×1000 Tech for Inclusion (10×1000), a joint effort by the International Financial Corporation (IFC) and Alipay, announced that its platform saw a total of 1,067 learners from 66 countries and regions complete its Fintech Foundation Programme and
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Meet the Fintechs in Financial Times’ Top 500 High-Growth APAC Companies
The Financial Times (FT) has released its fourth annual ranking of growth champions in Asia-Pacific (APAC), recognizing the region’s fastest growing companies. The FT ranking, compiled with data partner Statista, aims to identify the APAC companies with the strongest revenue
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VMware Launches a New Regional Digital Hub in Singapore
VMware, an enterprise software provider, has announced the launch of its new regional digital innovation hub in Singapore. This joins nine other virtual briefing centers located in key markets around the world including Bangalore, Beijing, Tokyo, and Sydney in the
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Tech Platform Talenthouse Listed Its Shares in Switzerland
Talenthouse AG, a leading technology platform connecting creatives and brands globally, has today listed 418,337,210 registered shares on SIX Swiss Exchange (ticker THAG) in response to an exceptional demand for digital content creation. Talenthouse, with its operational headquarters in London, captures the
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Payment Giant Stripe Rolls Out Automated Tax Solution in Singapore
Stripe, a global payments firm, has announced the launch of Stripe Tax in Singapore. This helps domestic businesses automatically calculate and collect consumption tax, better known as goods and services tax (GST), in Singapore, as well as sales tax, value-added
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