Fintech Singapore Digital Finance News - FintechNewsSG
WEBSep 11, 2024 · Fintech News Singapore India InsurTech DBS in Early Talks for Insurance Collaborations in India, Taiwan By Fintech News SingaporeSeptember 11, 2024 DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to
MAS Threatens Supervisory Action if Banks Exceed 4 Hours of …
WEBJul 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 …
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.
Singapore's Aspire Raises US $158 Million to Build the "Salesforce" …
WEBSep 27, 2021 · Free Newsletter. Y-Combinator-backed Aspire announced today they have raised US$ 158 million in their Series B round. Founded in 2018 by Lazada founders and former executives, Aspire provides “all-in-one financial services” to entrepreneurs and has served over 10,000 businesses across South East Asia. The oversubscribed US$ 158 …
Silent Eight Raises Total of US$15 Million in Latest Fund Raising …
WEBOct 19, 2020 · Silent Eight, Singaporean regtech startup leveraging artificial intelligence (AI), completed a new round of early-stage funding bringing the company’s total capital raised to US$15 million. The investment round was led by OTB Ventures, VC firm investing in technology businesses originating from Central and Eastern Europe.
Singapore’s First Wholesale Digital Bank GLDB Goes Live
WEBJun 3, 2022 · The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale bank licenses by the Monetary Authority of Singapore (MAS) in December 2020. ...
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 ...
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.
Must-Attend Sessions at the 2022 Singapore Fintech Festival
WEBOct 27, 2022 · The annual Singapore Fintech Festival (SFF) is returning this year from November 02 to 04, 2022 as an in-person event, promising to bring together tens of thousands of participants to discuss some of the industry’s most pressing challenges and hottest trends. Organized by the Monetary Authority of Singapore and Elevandi, in partnership with ...
A List of Digital Banks in Asia - Fintech Singapore
WEBMar 7, 2024 · UNObank. UNObank is a subsidiary of DigibankASIA, a fintech company headquartered in Singapore. It received approval from the Bangko Sentral ng Pilipinas (BSP) to operate a digital bank in the Philippines in June 2021. UNObank offers various banking services such as savings, loans, transfers, investments and insurance.