List of Licensed Crypto Services Providers in Singapore
Jan 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.
Fintech Singapore Digital Finance News - FintechNewsSG
Oct 7, 2024 · Fintech News Singapore Regtech Singapore Ramps Up Anti-Money Laundering Measures After S$3 Billion Bust By Fintech News SingaporeOctober 7, 2024 Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). This comes after a review sparked by the high-profile money laundering case in August 2023, in which more than…
What's Next For Digital Insurer Singlife After Its Merger With Aviva ...
Jan 28, 2021 · 2020 was a good year for Singapore’s digital life insurer Singlife. The company completed its S$3.2 billion merger deal with Aviva Singapore, the largest transaction ever in the Singaporean insurance sector. It also launched the Singlife Account, a mobile-first insurances savings account, which rapidly gained popularity and now counts almost 80,000 customers.
Trust Bank Unveils New Cashback Credit Card on 2nd Anniversary …
Aug 29, 2024 · Until the end of 2024, new customers can receive an unlimited 1.5% cashback on all spending, while existing customers will receive 1%. The bank has grown its customer base to over 800,000. Trust Bank’s Credit card has recorded over S$4.5 billion in transactions since its launch. Customer deposits have reached S$3 billion by the end of June ...
6 Key Takeaways From MAS’ New Technology Risk ... - Fintech …
Mar 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 ...
A Deep Dive Into the Fintech Portfolio of Singapore’s GIC
May 16, 2023 · Coda Payments. Singapore-based Coda Payments secured a record-breaking investment of US$690 million in 2022, from Singapore’s sovereign wealth fund GIC, alongside American firms Insight Partners and Smash Capital. This investment catapulted the valuation of the online gaming payments platform to an impressive US$2.5 billion.
MAS Threatens Supervisory Action if Banks Exceed 4 Hours of …
Jul 6, 2022 · It requires banks to be able to recover systems supporting critical banking services such as fund transfers and payments services within four hours following any disruption. In addition, the total unscheduled downtime for each critical system must not exceed four hours within any 12-month period. MAS takes supervisory action when the banks ...
Top 10 Most Well-Funded Fintechs in Indonesia in 2022
Sep 29, 2022 · Xendit – US$538 million. Founded in 2014, Xendit is a fintech company that provides payment solutions and simplifies the payment process for businesses of all sizes in Indonesia, the Philippines and across Southeast Asia. Xendit enables businesses to accept payments in various methods including direct debit, virtual accounts, credit and debit ...
Singapore Fintech Festival 2022
Alipay+ Announces 2.5 Million Merchant Milestone at Singapore Fintech Festival. By Fintech News Singapore November 3, 2022. Ant Group’s Alipay+ announced during the Singapore Fintech Festival 2022 that its merchant coverage has more than doubled…. Digital Transformation Payments Singapore Fintech Festival 2022.
Fintech Events Singapore - Fintech Singapore
Identity Week Asia 2024. October 23, 2024. -. October 24, 2024. Singapore. IDENTITY WEEK is Asia’s largest and most important identity event, returning to Singapore in 2024! IDENTITY WEEK is a conference and exhibition bringing together the brightest minds in the […] Fintech Revolution Summit 2024. October 24, 2024.