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Is OCBC Teaming Up with Singtel to Apply for a Virtual Banking License?
Singapore’s second largest bank OCBC and largest mobile network operator Singtel may be joining forces to apply for a virtual banking license, according to a Bloomberg report. In June 2019, Singapore announced that they will be issuing 5 virtual banking
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iFast Eyeing to Expand to Payments and Lending With Digital Banking License
iFast, an internet based investment product distribution platform is reportedly in talks with potential partners pursue a digital banking license in Singapore. Announced late last month, Singapore is looking at issuing up to 5 digital banking licenses; two of which
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Smaller Banks in Singapore Are at Risk As Fintechs Eye Digital Banking License
Competition is heating up in Singapore’s digital banking landscape as an increasing number of fintechs including e-wallet operators and payment services providers are looking to apply for when applications open in August. Liquid Group, Xfers, MatchMove Pay and FOMO Pay are
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7 Things You Need to Know About Singapore’s Digital Banking Licenses
Following the announcement and issuing of Hong Kong’s virtual banking license, Singapore has announced their intentions to launch the same; to allow entities without banking parentage to conduct banking activities. Digital banks generally refers to banking entities that operate without
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4xLabs’ New Platform Lets You Compare Prices of Overseas Money Transfer Services
Following the launch of Get4x, a price discovery platform for currency exchange, a Singapore-based fintech named 4xLabs has just launched a comparison platform which puts different money transfer solutions neck and neck to help users select cheaper or quicker transfers—particularly
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Ripple to Double Staff Strength in Singapore
According to a report by Business Times (paywall), Ripple will be doubling its staff strength from 12 to 24 this year. This is against the backdrop of an increased rate adoption by its customers from Asia including the likes of
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Money20/20 Asia Comes Back to Singapore: What to Expect
Money20/20, a leading event series dedicated to the world of payments, fintech and the broader financial services industry, is coming back to Singapore next week for its annual Asian edition. Money20/20 Asia 2019, which will take place on March 19
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10 of The Top Funded Fintechs in Singapore
Depending on whether you count Grab (and that can be a contentious argument), Singapore has yet to produce a homegrown unicorn operating in fintech: but all signs point to one emerging in the future. Singapore only has Hong Kong as
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Singapore’s 29 Hottest Fintech in 2019
Being a media specialised in fintech reporting provides us with an unparalleled view of the emerging trends and players in the space. After tracking the performance and announcements from hundreds of Singaporean based fintech companies, here are (in our view)
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TransferWise Bids Farewell to Head of Asia-Pacific Expansion, Lukas May
TransferWise is a London-headquartered international money transfer company, and it has built quite a name for itself in Singapore’s island nation in parts thanks to the efforts of its head of Asia-Pacific expansion, Lukas May. Lukas May has since resigned
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