finextra.com Archives - 22 February 2017, Wednesday

  • Thomson Reuters opens Singapore data science lab

    finextra.com 21 Feb '17, 10am

    The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thom...

  • Japanese banks invest in local bitcoin exchange

    finextra.com 14 Feb '17, 2pm

    The groups made the investments through their venture arms, joining another Japanese giant, Mitsubishi UFJ Financial Group, as bitFlyer stakeholders. The banks' interest in bitcoin and blockchain technology could be linked to their desire to bring down the costs of international wire ...

  • DBS launches mobile order and pay app in Singapore shopping mall

    finextra.com 14 Feb '17, 11am

    Marking this launch, Koufu, one of Singapore’s leading foodcourts, will become the first foodcourt in Singapore to debut the full implementation of its DBS FasTrack-powered app at shopping mall 100 AM on Tras Street. The public can now order and make cashless payments for their food v...

  • Singapore's MAS sets up data analytics group

    finextra.com 14 Feb '17, 1am

    The new unit will lead MAS's efforts to harness the power of data analytics to unlock insights, enhance its supervision of financial institutions and make compliance more efficient for these firms. David Roi Hardoon, who has a PhD in machine learning and co-founded data firm Azendian ...

  • Singapore Fintech Association signs MoU with five polytechnics

    finextra.com 26 Jan '17, 9am

    Singapore Fintech Association signs MoU with five polytechnics 46 minutes ago | 532 views | 0 Source: Singapore Fintech Association The five local polytechnics and Singapore FinTech Association (SFA) will sign a Memorandum of Understanding (MOU) to deepen collaboration between educato...

  • Singapore gets robo-advisor for women

    finextra.com 05 Jan '17, 12am

    Singapore gets robo-advisor for women 23 minutes ago | 376 views | 0 Miss Kaya, a new Singapore robo-advisor aimed at women is promising to "simplify and demystify" money management. The brainchild of former hedge fund manager Gina Heng, the licensed service says that it wants to empo...

  • via @Finextra

    Singapore's Senjō Group acquires Kalixa for EUR29 million

    finextra.com 19 Dec '16, 9am

    Operating out of offices in London and Vienna, Kalixa currently processes payments for more than 800 merchants. The company generated revenue in the financial year ended 31 December 2015 of €22.7 million. Established in 2015, privately-held Senjō Group was first set up as a holding co...

  • 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...