finextra.com Archives - 09 December 2016, Friday

  • Mambu expands to Singapore

    finextra.com 08 Dec '16, 10am

    The new office in Singapore will headed up by Chan Chiou Hao who recently joined the company as their new regional head. The office reflects Mambu’s expansion and commitment to existing clients in the region whilst supporting ongoing plans for growth. Mambu’s APAC clients are spread a...

  • Liquid Pay launches in Singapore

    finextra.com 24 Nov '16, 6am

    Liquid Pay, a mobile payment platform that integrates payments with price discovery and discounts, officially launched in Singapore today. With a full suite QR code-based Acceptance Workflow Library, Liquid Pay helps consumers, merchant verticals and financial institutions create new ...

  • Singapore opens new grant scheme to support fintech trials

    Singapore opens new grant scheme to support fintech trials

    finextra.com 18 Nov '16, 11am

    The announcement was made by deputy prime minister Tharman Shanmugaratnam at an awards ceremony that capped a week-long fintech festival hosted by MAS and the Association of Banks in Singapore. "We will fund 50% of the costs, up to a maximum of S$200,000 per project, for Singapore-bas...

  • Singapore issues sandbox guidelines for fintech experiments

    finextra.com 16 Nov '16, 11am

    Singapore issues sandbox guidelines for fintech experiments 1 hour ago | 790 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) today published its “regulatory sandbox” guidelines to encourage and enable experimentation of solutions that utilis...

  • Singapore and international banks to construct interbank blockchain...

    finextra.com 16 Nov '16, 11am

    The Singapore central banks says: "This project could potentially avail a payment system for participants to transact in different global markets round-the-clock that are today limited by time zone differences and office hours." R3 last week announced plans to to open a blokchain cent...

  • ANZ and DBS open new labs to coincide with Singapore Fintech Festiv...

    finextra.com 14 Nov '16, 11am

    Close to 11,000 participants from more than 50 countries have registered for the inaugural Festival, which kicks off with an island-wide Innovation Lab Crawl, where more than 20 spaces will open their doors to visitors. This will be complemented by a 'Hackcelerator Demo Day' to showca...

  • Monetary Authority of Singapore issues first set of data APIs

    finextra.com 11 Nov '16, 9am

    Monetary Authority of Singapore issues first set of data APIs 3 hours ago | 1026 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) today announced that it is publishing 12 sets of data from MAS’ Monthly Statistical Bulletin as Application Prog...

  • R3 partners Singapore's MAS for blockchain lab

    finextra.com 09 Nov '16, 12am

    R3 claims many of the world's biggest FS players - including pan-Asian life insurer AIA Group and China's Ping An Financial Services Group - among its 70-odd members. The group is now looking to further establish its position in Asia by setting up a physical base in Singapore's centra...

  • BNY Mellon to open eighth innovation centre in Singapore

    finextra.com 07 Nov '16, 10am

    As the eighth Innovation Center within a global network, the Singapore Innovation Center is designed to facilitate collaboration with fintechs and clients in Asia for the creation of data-driven market solutions that will operate within BNY Mellon’s digital ecosystem, NEXEN. Launching...

  • Standard Chartered and IBM back Byte Academy's Singapore fintech school

    Standard Chartered and IBM back Byte Academy's Singapore fintech sc...

    finextra.com 07 Nov '16, 2am

    The firms have come together to form a fintech skills charter that will guide Byte Academy's 12-week and eight-week courses for students focussing on fintech and software development. The 12-week full-time courses will provide the fundamentals for students to work on real, industry-sp...

  • Singapore poised to steal London's fintech crown

    finextra.com 30 Sep '16, 11am

    Singapore poised to steal London's fintech crown 13 hours ago | 2326 views | 0 Source: ACCA Singapore's lucrative FinTech sector looks poised to grow as rivals around the world struggle with regulatory challenges and political upheaval, according to a new report from ACCA (the Associa...

  • Manulife opens innovation lab in Singapore

    finextra.com 29 Sep '16, 12pm

    Singapore, a technology hub for Asia, hosts the third LOFT site for Manulife. The other labs are in Boston and Toronto. The LOFT is a global exploration and incubation capability to build Manulife's competitive advantages within the financial services industry - one ripe for disruptio...

  • MarvelStone Group to launch 'world's largest' fintech hub in Singap...

    finextra.com 21 Sep '16, 9am

    The 30,000 square foot facility will have a global reach, providing work spaces, events and educational programmes for fintech startups as well as innovation support schemes for existing companies and financial institutions. Joe Seunghyun Cho, chairman of Marvelstone Group comments: "...

  • US judge says Bitcoin is money

    finextra.com 20 Sep '16, 1pm

    , Anthony Murgio had argued that two of the eight criminal charges he faces in connection with his alleged operation of Coin.mx should be dismissed because Bitcoin does not qualify as "funds". But US District Judge Alison Nathan in Manhattan rejected the bid, writing: "Bitcoins are fu...

  • Adding to the chaos, Singapore Fintech Festival

    Adding to the chaos, Singapore Fintech Festival

    finextra.com 15 Sep '16, 3am

    Those who follow the Fintech Sector closely in Singapore are surely having the time of their life. It’s that time of the year approaching where the craze and euphoria for a particular sector is at its crescendo. Almost reaching the levels of yearly F1 jamboree. Adding to the chaos is ...

  • Singapore and Switzerland forge fintech pact

    Singapore and Switzerland forge fintech pact

    finextra.com 13 Sep '16, 9am

    The agreement between the Monetary Authority of Singapore (MAS) and the Swiss Financial Market Supervisory Authority (Finma) is the latest in a series of bilateral treaties between domestic regulatory bodies aimed at supporting the international fintech community. The two authorities ...

  • 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 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...

  • 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...

  • 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...

  • Thomson Reuters Org ID says meets Singapore banks' KYC practices

    finextra.com 07 Jul '16, 8pm

    “Our customers today demand compliance to global standards as well as meeting the needs of their local regulators,” said Dominic Mac, global head of Business Development, Risk Managed Services, Thomson Reuters. “We are the first and only global KYC managed services provider to have pr...

  • 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 ...

  • 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...

  • Telstra expands network to Hong Kong, Singapore and Tokyo

    finextra.com 31 May '16, 2pm

    Matthew Lempriere, Telstra’s Head of Financial Markets, said EPLX utilised Telstra’s extensive submarine cable network to offer low latency connectivity for financial traders and these new routes added to the existing Telstra EPLX network connecting with financial markets in London, C...

  • Samsung Pay wins Citi support for Singapore launch

    Samsung Pay wins Citi support for Singapore launch

    finextra.com 31 May '16, 11am

    Samsung has already won around Singapore's major banks as it prepares for the launch of its service in Q2. The company is hoping the deal with Citi will give it the edge over rival Apple, which last week announced that it had lined up five major banks, extending the use of the mobile ...

  • 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...

  • 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 ...

  • Samsung Pay pushes into SouthEast Asia with Singapore launch

    Samsung Pay pushes into SouthEast Asia with Singapore launch

    finextra.com 20 Apr '16, 11am

    Singapore will join South Korea, US and China in the list of Samsung’s priority markets for roll out of the mobile payment service. The tech giant says the service will cater to a positive demand in Singapore where 71% of 400 Samsung users interviewed in February indicated interest in...

  • Monetary Authority of Singapore to run week-long 'Fintech Festival'

    finextra.com 13 Apr '16, 8am

    Running with the support of the Association of Banks in Singapore (ABS), the November festival will comprise a 'fintech hackcelerator', an awards ceremony celebrating the most creative applications emerging from the sector, and conferences and debates on risk and regtech. Innovation l...

  • R5 goes live in Singapore

    finextra.com 08 Apr '16, 8am

    R5, the emerging marketplace for local market FX trading, announces that live trading has commenced in Singapore, following its authorisation from the Monetary Authority of Singapore (MAS). R5 went live with its London clients during the last quarter of 2015, for eNDF trading. It’s AS...