Fintech Singapore Digital Finance News - FintechNewsSG
WEB3 days ago · 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…
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.
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 ...
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 …
A Deep Dive Into the Fintech Portfolio of Singapore’s GIC
WEBMay 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 …
The Highly Anticipated Singapore Fintech Festival 2022 Has Finally ...
WEBOct 31, 2022 · The Singapore Fintech Festival (SFF) kicked off today under the theme “Building Resilient Business Models Amid Volatility and Change” and will run from 31 October to 4 November. SFF 2022 is organised by the Monetary Authority of Singapore (MAS) and Elevandi, in partnership with Constellar and …
Aspire Unveils New Singapore HQ, Aims to Double Fintech …
WEBNov 30, 2023 · Aspire, an all-in-one finance platform for businesses, has opened its new headquarters in Singapore, aiming to enhance its role in fintech research and development (R&D) within the region. The firm also shared its plans to double its fintech-specialised workforce in the city-state to 300 by 2025. The company had also set up a new financial ...
Meet the 36 SFF Global Fintech Awards Winners
WEBNov 7, 2022 · 10 individuals were named the SFF Global Fintech Awards’ top fintech leaders in Singapore in 2022: Andrew Gazal, CEO & Founder, ESGTech. El Lee, Chief Operating Officer, Digital Treasures Center. Kelly-Ann McHugh, Director – Asia Pacific, MyComplianceOffice. Manish Bhai, Founder & CEO, UNObank.
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.
LexisNexis and Accuity Inks Deal for a Merger
WEBFeb 18, 2021 · LexisNexis Risk Solutions and Accuity will conduct business as usual in the short term while integration progresses. Both entities said in a statement that their combined solutions will further leverage and extend high-value data and analytic capabilities from both companies to provide comprehensive risk management and payments solutions.