finextra.com Archives - 19 January 2018, Friday

  • Visa exec joins Grab to lead growth in Singapore, malaysia and Phil...

    finextra.com 08 Jan '18, 9am

    Based in Singapore, Huey Tyng brings on board more than 25 years of experience in senior positions at global banks and leading payments providers. Following shortly after a number of GrabPay milestones to end 2017, this appointment underlines the scale of the payments platform’s ambit...

  • Israel and Singapore fintech hubs sign MoU

    finextra.com 18 Dec '17, 9am

    The MOU signed between the non-profit associations aims to bridge the two FinTech ecosystems, through cross border collaboration and initiatives. Concretely, last month the leaders of the two associations took part in a joint televised conference on SMEs and an Israeli delegation atte...

  • Credit Suisse acquires stake in Singapore wealth aggregation startup Canopy

    Credit Suisse acquires stake in Singapore wealth aggregation startu...

    finextra.com 14 Dec '17, 1pm

    The Swiss bank participated in a $3.4 million funding round in the firm following a pilot trial earlier this year which saw the startup's data feed embedded in Credit Suisse's digital private banking platform. Canopy allows clients to aggregate bankable and non-bankable assets across ...

  • Schroders launches asset management chatbot in Singapore

    Schroders launches asset management chatbot in Singapore

    finextra.com 14 Dec '17, 10am

    Built in partnership with local startup pand.ai, the beta release of Schroders GO is able to self-learn and answer three-dimensional questions, such as 'Show me USD funds in Asia Pacific managed by Robin Parbrook' which, according to Schroders offers, an improvement over fund lists co...

  • NTT Data and MUFG to run blockchain PoC to strengthen trade ties be...

    finextra.com 06 Dec '17, 10am

    This initiative, in collaboration with Singapore’s National Trade Platform (NTP)*1, aims to make cross-border flows more secure, efficient and transparent, with the long-term goal of fostering greater trade and supply chain integration across the region. In this PoC, MUFG and NTT DATA...

  • Axis Bank uses Ripple to open new payment corridors between the UAE and Singapore

    Axis Bank uses Ripple to open new payment corridors between the UAE...

    finextra.com 22 Nov '17, 4pm

    For Standard Chartered and Axis Bank, Ripple's enterprise blockchain platform is being used to unlock the $15 billion trade corridor between India and Singapore, promising fast and frictionless payments for buyers and suppliers. Gautam Jain, global head of digitisation and client acce...

  • Singapore and Philippines ink fintech agreement

    finextra.com 16 Nov '17, 4pm

    Singapore and Philippines ink fintech agreement 4 hours ago | 1159 views | 0 Source: Monetary Authority of Singapore The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today signed a FinTech Co-operation Agreement (CA) to promote innovation in financia...

  • Lithuania and Singapore forge fintech pact

    finextra.com 15 Nov '17, 2pm

    The Republic of Lithuania's Minister of Foreign Affairs, Linas Linkevicius, witnessed the signing at the festival in a session hosted by the Lithuanian delegation to Singapore. Organised by the Monetary Authority of Singapore (MAS), the Singapore FinTech Festival provides a platform f...

  • Singapore offers $20m grant for banks' AI and data projects

    finextra.com 15 Nov '17, 11am

    The scheme was officially presented by Ravi Menon, managing director of The Monetary Authority of Singapore (MAS) at the Singapore FinTech Festival, a state-sponsored event that purports to be the world's biggest fintech gathering with over 25,000 visitors expected over the course of ...

  • Singapore central bank open sources blockchain prototypes

    Singapore central bank open sources blockchain prototypes

    finextra.com 14 Nov '17, 11am

    First unveiled in November, Project Ubin is a MAS-led initiative to see how DLT can be used for the clearing and settlement of payments and securities, specifically the use of a tokenised form of the Singapore dollar on a distributed ledger. In a feedback report released in October, t...

  • Singapore consortium claims breakthrough in DLT payments project

    finextra.com 05 Oct '17, 11pm

    First unveiled in November, Project Ubin is a MAS-led initiative to see how DLT can be used for the clearing and settlement of payments and securities, specifically the use of a tokenised form of the Singapore dollar on a distributed ledger. The work builds on a similar Bank of Canada...

  • Overstock accepts Bitcoin Cash.

    Online retailer Overstock starts accepting Bitcoin Cash and Ethereu...

    finextra.com 05 Oct '17, 11am

    Overstock has let customers buy goods with Bitcoin since 2014. Now it has teamed up with digital asset exchange ShapeShift to integrate other major cryptocurrencies, including Dash and Monero. During checkout, customers will select their preferred cryptocurrency and submit the order b...

  • Singapore and Thailand look to link e-payment schemes

    Singapore and Thailand look to link e-payment schemes

    finextra.com 05 Oct '17, 9am

    The initiative, which would be a first in the Asean region, is also being driven by the aggressive expansion of China-based e-payment providers such as WeChat and AliPay which are becoming more prevalent in both Singapore and Thailand, threatening the prospects of their own respective...

  • Ripple opens office in Singapore

    finextra.com 26 Sep '17, 9am

    It is also one of the biggest and busiest global trade centers with many large, multinational companies basing their regional treasury offices in the country. For these reasons, and to support our rapidly-growing customer base across Asia-Pacific markets - including Standard Chartered...

  • Monetary Authority of Singapore sets up international advisory pane...

    finextra.com 20 Sep '17, 10am

    Monetary Authority of Singapore sets up international advisory panel for cybersecurity 14 hours ago | 1739 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), compri...

  • Citi to roll out chatbot for Facebook Messenger in Singapore

    Citi to roll out chatbot for Facebook Messenger in Singapore

    finextra.com 11 Sep '17, 10am

    Citi Bot will first be made available to some 600 Citi customers and employees who will form a beta testing community to help refine the experience ahead of a commercial launch in Q4. As part of its initial launch, Citi Bot will be able to address a range of common customer needs, inc...

  • Singapore to develop common QR code for payments

    finextra.com 29 Aug '17, 2pm

    The country's new Payments Council has set up an industry task force made up of banks, payment schemes, QR service providers and government agencies to put together standardised specifications for the code by the end of the year. The council argues that QR codes offer a cheaper and le...

  • Fidor to run fintech education programme in Singapore

    finextra.com 03 Aug '17, 8am

    Supported by the Monetary Authority of Singapore (MAS), the Fidor Student Academy Singapore programme will be incorporated into the curricula of banking or IT-related diploma courses offered by the five polytechnics, starting with Ngee Ann Polytechnic (NP). At NP, a pilot run of the p...

  • Sydney set to challenge Singapore as global fintech hub

    Sydney set to challenge Singapore as global fintech hub

    finextra.com 01 Aug '17, 10am

    A report prepared by the Committee and KMPG notes the startling growth in fintech activity across Australia over the past three years, with the country now vying with Singapore to become Asia's leading startup hub. The study finds that the number of fintech start-ups in Australia has ...

  • Singapore follows SEC in ICO token regulation

    finextra.com 01 Aug '17, 9am

    Singapore follows SEC in ICO token regulation 1 hour ago | 1074 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) clarified today that the offer or issue of digital tokens in Singapore will be regulated by MAS if the digital tokens constitute ...

  • Mobile payments in Singapore move into the mainstream

    finextra.com 18 Jul '17, 10am

    Mobile payments in Singapore move into the mainstream 55 minutes ago | 702 views | 0 Source: Visa The introduction of various mobile payments solutions such as mobile payWave and in-app payments have transformed the way Singaporeans conduct their daily lives – from shopping to booking...

  • Ping An's Lu International granted capital markets service license...

    finextra.com 17 Jul '17, 9am

    Lu International has opened in Singapore and will go live in Q3, 2017. Following the Chinese government's "One Belt, One Road" strategy, Lu International is China's first FinTech company in Singapore, a key financial hub of the "One Belt, One Road" initiative. The establishment of Lu ...

  • Thailand and Singapore build fintech bridge

    finextra.com 11 Jul '17, 3pm

    Thailand and Singapore build fintech bridge 32 minutes ago | 674 views | 0 Source: Monetary Authority of Singapore The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) and updated an existing Memorandum of Understan...

  • Singapore and Denmark sign fintech pact

    finextra.com 29 Jun '17, 11am

    Singapore and Denmark sign fintech pact 7 hours ago | 1474 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) yesterday signed a FinTech Co-operation Agreement which aims to help FinTe...

  • Luxembourg and Singapore fintech hubs connect

    finextra.com 28 Jun '17, 8am

    This Memorandum of Understanding provides a framework to intensify the cooperation between two leading financial centres with a specific focus on Fintech and driving digital transformation in financial services. The LHoFT and LATTICE80 agree to cooperate in a number of areas, includin...

  • Singapore to let banks move into e-commerce

    finextra.com 27 Jun '17, 11pm

    In a speech, Singapore's finance minister Heng Swee Keat said that rules introduced in 2001 to ensure banks focused on their core competencies are no longer as relevant. "Banks are facing increasing competition from online and non-financial players that have leveraged their large user...

  • Singapore commodity exchange trials diamonds on the blockchain

    finextra.com 15 Jun '17, 9am

    Singapore commodity exchange trials diamonds on the blockchain 8 hours ago | 1509 views | 0 Source: Singapore Diamond Investment Exchange Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange in physically settled diamonds, today announced that it has succ...

  • Monetary Authority of Singapore and Asba sign fintech co-operation...

    finextra.com 09 Jun '17, 8am

    Monetary Authority of Singapore and Asba sign fintech co-operation agreement 7 hours ago | 1417 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) today signed a Memorandum of U...

  • Singapore consults on robo-advisor rules

    finextra.com 07 Jun '17, 3pm

    Singapore consults on robo-advisor rules 17 hours ago | 1976 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) today released a consultation paper on proposals to facilitate the provision of digital advisory services1 (also known as robo-advis...

  • UnionPay mobile QuickPass QR code payment arrives in Hong Kong and...

    finextra.com 06 Jun '17, 10am

    The first merchants providing this new service are three stores of Colourmix at Causeway Bay, Hong Kong and two stores of BreadTalk in VivoCity and Marina Bay Financial Centre, Singapore. Next, UnionPay mobile QuickPass QR code payment will be introduced in the travel destinations fav...