Tag "HSBC"

Meet the 15 Finalists for MAS’ Global CBDC Challenge

The Monetary Authority of Singapore (MAS) has announced the 15 finalists who have developed retail Central Bank Digital Currency (CBDC) solutions for the Global CBDC Challenge. The finalists, comprising financial institutions, fintechs and technology solution providers, will progress to the

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HSBC Inks US$575 Million Deal To Acquire AXA Singapore’s Insurance Assets

HSBC said that it has entered into an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for US$575 million. The intention of this deal is to merge the operations of HSBC Life Singapore and AXA Singapore,

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HSBC Executes Singtel’s Billion Dollar Digital Asset Issuance on Marketnode’s Platform

HSBC Singapore and Marketnode successfully completed a digital bond issuance on Marketnode’s digital asset issuance, depository and servicing platform. Marketnode is a joint venture between Singapore Exchange (SGX) and Temasek. The transaction with Singtel is said to represent the largest

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HSBC Shifts R3’s Corda Onto Google Cloud

HSBC announced that it has become the first financial institution to move software firm R3’s blockchain platform Corda Enterprise onto Google Cloud. HSBC said that the move will reduce client onboarding time from months to weeks, improving the client experience

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Silent Eight Bags Multi-Year Partnership to Help HSBC Combat Financial Crime

Silent Eight, a Singaporean regtech using Artificial Intelligence (AI) to combat money laundering and terrorism financing, announced a multi-year partnership with HSBC that will support the bank in enhancing its compliance operations. HSBC selected Silent Eight to improve its manual

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SGX Completes First Digital Bond with Temasek and HSBC using Smart Contracts

Singapore Exchange (SGX), working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million

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Spark Systems’ S$15M Round Includes Investments from HSBC, Citi and OSK

Singapore based financial technology start-up Spark Systems announces the successful completion of the first close of Series BB funding round raising a total of S$15m (US$10.5m) from two Tier 1 global banks and a South East Asia focused investment firm.

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12 Companies Score SG$1.2 Mil at The Singapore Fintech Awards 2018

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of SG$1.2 million divided for 12 different companies at the Fintech Awards, which took place at the third Singapore

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HSBC Partners 7-Eleven to Expand Cash Access Network to 800 Touchpoints

HSBC Singapore announced its partnership with 7-Eleven, the largest convenience store chain in Singapore, to offer HSBC customers access to more than 300 of its stores for QuickCash withdrawals. HSBC’s partnership with 7-Eleven will expand its total cash access network

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IBM Completes Proof-of-Concept Blockchain-Based Shared KYC

IBM  announced the successful completion of the Phase I proof-of-concept (POC) of its Shared Corporate Know Your Customer (KYC) project with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill, IBM. Through the Shared KYC POC,

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