List of Licensed Crypto Services Providers in Singapore
WEBJan 25, 2024 — Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
Rise of Nium to Become a Rare Singaporean Fintech Unicorn
WEBOct 30, 2023 — It has expanded beyond Singapore and now Nium has picked London as its European headquarters. Nium’s meteoric rise as a rare fintech unicorn in Singapore is a confluence of visionary leadership, technological innovation, and strategic decisionmaking. In a world where fintech is redefining traditional financial paradigms, Nium stands as a ...
Fintech in Singapore: 2021 in Review - Fintech Singapore
WEBDec 22, 2021 — In Southeast Asia, fintech companies received a record-breaking US$3.5 billion, three times the amount raised last year, according to the Fintech in ASEAN 2021: Digital Takes Flight report by the United Overseas Bank (UOB), PwC and the Singapore Fintech Association. Of that amount, 44% or US$1.6 billion was secured by Singaporean fintech companies.
6 Key Takeaways From MAS’ New Technology Risk ... - Fintech …
WEBMar 24, 2021 — Here are some of our key takeaways from the 2021 version of the TRM guidelines: 1. More focus on the board of directors and senior management being able to understand and manage technology risk, including cyber risk. Both the 2013 and 2021 guidelines require the board of directors and senior management (BSM) to ensure that a TRM framework is ...
Vietnamese Incumbents Tap Fintech Partnerships in Digital …
WEBSep 6, 2021 — CIMB Vietnam, which launched its digital banking offering back in 2018, has embraced a partnership strategy early on, teaming up with fintech players including South Korea’s Toss, EzQ-owned ON and digital wallet SmartPay to allow customers to open a bank account on a partner platform. In June 2021, it partnered with Finhay, a …
Singlife Launches Singapore's First Insurance Savings Plan with …
WEBNov 11, 2019 — Digital insurer Singlife announced today that they have launched their mobile-first insurance savings plan, the Singlife Account. Previously on waitlist, the public is now able to download the Singlife App while an exclusively selected group of customers from the earlier waitlist will be among the first to start earning interest on …
Embedded Finance vs. BaaS in Financial Services
WEBNov 9, 2022 — In a nutshell, BaaS are bundled offerings, often white-labeled or cobranded services to carry the firm’s branding instead of the financial service provider, that nonbanks can use to serve their customers. BaaS enables nonbanks to offer financial products and services without obtaining a banking license or developing the necessary infrastructure.
Fintech Accelerators and Incubators in Singapore, Hong Kong and ...
WEBFeb 17, 2017 — JFDI Accelerate by Joyful Frog Digital Incubator is a 100-day seed accelerator program in Southeast Asia. JFDI alumni have raised over S$9 million in venture funding; about 60% of alumni raise seed investments typically in the S$500,000 to S$1 million range. Since 2012, JFDI has launched 50 startups from its base in Singapore.
The Potential of AI in Banking - Fintech Singapore
WEBDec 13, 2018 — Author. Potential of AI in Banking. Artificial intelligence (AI), an umbrella term for a host of different technologies including machine learning and natural language, holds many promises in the banking industry. Analysts estimates that AI could save the industry more than US$1 trillion by 2030.
Project Ubin: Exploring Singapore’s Digital Currency Project
WEBJun 21, 2021 — Project Ubin draws from the experience of Project Jasper, a similar project that was launched in Canada in 2016. MAS and BoC eventually joined forces and linked their respective experimental domestic payment networks. In May 2019, they announced a successful experiment on cross-border and cross-currency payments using CDBCs.
Skip to content