Search Results for "ubin"
Singapore’s GIC Increases Stake in Fintech Pagaya to 9%
Singapore’s sovereign wealth fund GIC has increased its stake in United States-Israeli fintech Pagaya Technologies from roughly 7% to 9%. The details of the transaction was not disclosed. GIC and Pagaya has also extended their existing funding agreement earlier this
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Are CBDCs a Threat to Monetary Policy? Possibly, Says IMF
Central Bank Digital Currencies (CBDCs) represent a transformative development in the financial industry, as a growing number of countries rapidly progress from theoretical considerations to focused research and pilot programs. The compelling advantages of CBDCs have garnered the attention of
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Singapore’s Cautionary Roar: Navigating Crypto’s Popularity with Prudence
Singapore is well-known for its proactive approach toward technology adoption and innovation. However, the country’s central bank, the Monetary Authority of Singapore (MAS), has taken a cautious approach to crypto or cryptocurrencies. The MAS views cryptocurrencies as inherently risky due to
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Partior Sets Sights on the Future of Global Money Movement
Partior is a blockchain-based exchange platform, a fintech company operating within the exciting Web3 space that is being hailed as the future of the internet. Blockchain technology provides a secure and decentralised ledger that can be used to record and
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ConsenSys to Downsize Workforce by 11%
Blockchain software firm ConsenSys announced that it will layoff 11% of its workforce to adjust to challenging and uncertain market conditions in a blog post. ConsenSys’ CEO Joseph Lubin said that the 96 employees being laid off will receive “extensive support
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The Crypto Bloodbath: More Layoffs and Losses In 2023
Cryptocurrencies have been in the news lately due to the volatile prices of Bitcoin and other coins, along with numerous high-profile collapses such as FTX and Voyager. However, another story has been brewing beneath the surface – the massive layoffs
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Singapore’s Top 5 Fintech Stories Last Year That Will Impact the Industry in 2023
It is no secret that the fintech industry in Singapore has been flourishing in recent years. This can be attributed to the city-state’s supportive ecosystem, which includes a pro-business government, a highly educated workforce, and a conducive environment for innovation
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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand
Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet. There are currently 35
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New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments
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Top 10 Highlights from Last Week’s Singapore Fintech Festival
The seventh edition of the Singapore Fintech Festival (SFF), one of the world’s largest annual fintech events, kicked off on October 31, 2022 as an in-person event at the Singapore Expo. This year’s event, themed “Building Resilient Business Models amid
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