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  • Singapore transit system to trial contactless bank card payments

    finextra.com 26 Jul '16, 12am

    The LTA says it plans to enrol at least 100,000 people in the account-based ticketing system trial, which will save commuters the hassle of having to use a separate transit card and make fare top-ups. The pilot, set to begin by the end of the year, will also let users track their jour...

  • IBM to open first 'Centre for Blockchain Innovation' in Singapore

    finextra.com 12 Jul '16, 11am

    Over the next three years, the Centre Will be working to deliver a number of technology pilots across the finance and trade industries, tapping into the nation's technical talent pool and building on IBM's work with the Linux Foundation Hyperledger platform. The involvement of the Mon...

  • Bank payment networks to prevail over bitcoin - Citi

    finextra.com 01 Jul '16, 2pm

    The bank's research team cites problems like scalability, network adoption and lack of a legal/regulatory framework for dispute resolution as drawbacks to more widespread adoption of the virtual currency. The report points to social payments network Circle, financial inclusion outfit ...

  • Blockstream buys bitcoin wallet software provider GreenAddress

    finextra.com 27 Jul '16, 5pm

    Blockstream buys bitcoin wallet software provider GreenAddress 23 hours ago | 2947 views | 0 Source: Blockstream We're pleased to announce that we've acquired GreenAddress, a leading bitcoin wallet software provider based in Europe. GreenAddress has a demonstrated track record of deli...

  • Singapore regulator proposes fintech sandbox

    finextra.com 06 Jun '16, 10am

    The proposal will enable firms to experiment with new technology in an environment of relaxed rules and appropriate safeguards. "MAS aims to provide a responsive and forward-looking regulatory approach that will enable promising fintech innovations to develop and flourish," said MAS d...

  • UK and Singapore establish 'fintech bridge'

    UK and Singapore establish 'fintech bridge'

    finextra.com 11 May '16, 6pm

    Billed as the first of its kind, the bridge sees the UK's Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) ink a regulatory cooperation agreement on sharing and using information on financial services innovation in their respective markets. Dominated by ...

  • Startupbootcamp hosts fintech day in Singapore

    finextra.com 15 Jul '16, 10am

    Attracting more than 600 guests from across the financial sector, including leading investors from Southeast Asia, this year’s startups tackled FinTech areas from InsurTech and wealth management to personal finance management. These 10 startups went through an intense 3-month accelera...

  • Five major banks lined up to support Apple Pay launch in Singapore

    finextra.com 25 May '16, 8am

    MasterCard says it is working with DBS, OCBC, POSB, Standard Chartered and UOB, to enable iPhone and Apple watch users to make purchases in stores equipped with contactless readers. Recent figures from MasterCard indicate that consumers in Singapore are supportive of the idea of adopt...

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