finextra.com Archives - 25 June 2017, Sunday

  • 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...

  • Singapore opens up on DLT trials

    finextra.com 31 May '17, 1pm

    First unveiled in November, Project Ubin saw the Monetary Authority of Singapore (MAS) team up with a consortium of banks and R3 to see how DLT can be used for the clearing and settlement of payments and securities, specifically the use of a tokenised form the Singapore dollar on a di...

  • Opportunities for Fintech Startups in Singapore

    finextra.com 30 May '17, 4am

    The active and vibrant economy of the ASEAN region with its tech-friendly environment offers Fintech startups a chance to unleash the untapped potential of its massive unbanked population. The vigorous government run initiatives implemented with an urgency to transform the financial s...

  • Bitcoin set to go boom

    finextra.com 08 May '17, 8am

    In January, people reacted strongly when Bitcoin passed the $1000 mark. Then in March Bitcoin surpassed the price of gold. So it was hardly a surprise when in May, it reached a new all-time high, trading above $1,400, mostly attributed to strong demand in Japan where it is now deemed ...

  • Singapore's Senjo acquires Lithuanian startup to gain access to EU...

    finextra.com 05 May '17, 10am

    Singapore's Senjo acquires Lithuanian startup to gain access to EU markets 5 hours ago | 1192 views | 0 Source: Senjo Global payment operator and financial technology investor headquartered in Singapore “Senjo Group” continues its acquisitions in Europe. One of the holding’s most rece...

  • Singapore rolls out document-free account opening pilot

    finextra.com 03 May '17, 8am

    The MyInfo service is being led by the Island's Smart Nation and Digital Government Office (SNDGO) and Government Technology Agency (GovTech), in collaboration with the Monetary Authority of Singapore (MAS). Under the pilot, prospective customers of United Overseas Bank (UOB), Develop...

  • IBM and National University of Singapore draft blockchain module fo...

    finextra.com 26 Apr '17, 1pm

    Blockchain is a fast growing area across the globe, with banking, healthcare and the government leading the way in terms of adoption. According to studies by IBM’s Institute of Business Value, these three industries are investing heavily in blockchain and commercial solutions are expe...

  • Seamus Donoghue joins Lykke as head of Singapore

    finextra.com 26 Apr '17, 11am

    Seamus Donoghue joins Lykke as head of Singapore 25 minutes ago | 423 views | 0 Source: Lykke Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, is accelerating its growth with the announcement of Seamus Donoghue as director of its Singapore office. With ...

  • Singapore Exchange extends HCL tech contract for five more years

    finextra.com 18 Apr '17, 12pm

    Singapore Exchange extends HCL tech contract for five more years 5 hours ago | 910 views | 0 Source: HCL HCL Technologies (HCL), a leading global IT services company, today announced the renewal of its transformational IT services engagement with Singapore Exchange for another five ye...

  • StashAway becomes first licensed robo-advisor in Singapore

    finextra.com 12 Apr '17, 11am

    StashAway becomes first licensed robo-advisor in Singapore 8 hours ago | 970 views | 0 Source: StashAway StashAway becomes first licensed robo-advisor in Singapore StashAway, a robo-advisor, has received in-principle approval for its Capital Market Services License for Retail Fund Man...

  • London and Singapore remain world's top fintech hubs

    London and Singapore remain world's top fintech hubs

    finextra.com 10 Apr '17, 3pm

    The study is the second output of the Global Fintech Hubs Federation, an initiative by Swift's innovation arm Innotribe and the UK's Innovate Finance to create a cross-border and open platform that brings established and emerging hubs together. The second report - expanded to cover 44...

  • WEX brings virtual credit cards to Singapore

    finextra.com 03 Apr '17, 3pm

    WEX brings virtual credit cards to Singapore 21 hours ago | 1885 views | 0 Source: WEX WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it will begin issuing virtual credit cards in Singapore, expanding its program in the Asian region that ...

  • Singapore and France bolster fintech ties with cooperation agreemen...

    finextra.com 28 Mar '17, 12pm

    Singapore and France bolster fintech ties with cooperation agreements 24 minutes ago | 494 views | 0 Source: Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) today signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) a...

  • MAS to roll out national KYC utility for Singapore

    finextra.com 24 Mar '17, 12am

    A pilot has been run in the first quarter of this year with two Singaporean banks to expand the MyInfo service to the financial industry for more efficient KYC using trusted, government-collected personal data. MyInfo is a personal data platform, containing government-verified persona...

  • Singapore fintech startup Invictus turns to IBM for blcockhain supp...

    finextra.com 16 Mar '17, 2pm

    Singapore fintech startup Invictus turns to IBM for blcockhain support 28 minutes ago | 778 views | 0 Source: IBM IBM (NYSE: IBM) today announced Singapore fintech start-up, INVICTUS, is collaborating with them to leverage IBM Cloud and Blockchain technologies for their Order, Logisti...

  • Eidelweiss Singapore installs latest version of Horizon trading sof...

    finextra.com 15 Mar '17, 9am

    Eidelweiss Singapore installs latest version of Horizon trading software 19 hours ago | 1122 views | 0 Source: Horizon Software Horizon Software (Horizon), the leading global provider of electronic trading and investment management technology, today announced the extension of its long...

  • Japan and Singapore establish fintech co-operation framework

    finextra.com 13 Mar '17, 8am

    The Framework enables FSA and MAS to refer FinTech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions with the regulatory bodies in the respective jurisdictions and receive advice on their regulatory frameworks, s...

  • 25 Inspiring Women Entrepreneur in Singapore

    finextra.com 10 Mar '17, 11am

    Singapore is one of the desirable places for entrepreneurs to start their business and the government is giving a lot of effort to provide entrepreneurs with everything they need, from grants, co-working spaces and a network of international investors. That why Singapore stands as the...

  • Singapore and Abu Dhabi sign fintech co-operation agreement

    Singapore and Abu Dhabi sign fintech co-operation agreement

    finextra.com 08 Mar '17, 11am

    The Co-operative Agreement (CA) between The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) is intended to foster closer cooperation on developments and initiatives that nurture fintech entrepreneurship and support innovation in financial services in both Sing...

  • Singapore commuters can now tap-and-pay for their fares with Master...

    finextra.com 01 Mar '17, 3pm

    The LTA's collaboration with Mastercard was first announced in July last year. A pilot of the system will be launched next month with at least 100,000 commuters using tap-and-pay cards on public buses and trains. Users will be able to track their journey and fare history through a spe...

  • Top 50 FinTech Influencers in Singapore

    finextra.com 24 Feb '17, 2pm

    FinTech is the most used buzzword in the Finance industry all over the world. In Asia, Singapore is the hottest Fintech hub. The Singapore government is keenly focusing on developing the Fintech industry which in turn increases the Fintech companies in Singapore. For every business, i...

  • 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...