Fintech Singapore Digital Finance News - FintechNewsSG
WEBSep 11, 2024 · By Fintech News Singapore September 18, 2024. OCBC Bank announced an investment of S$500 million in Punggol Digital District (PDD). This investment includes a new 430,000 square-foot innovation hub, OCBC Punggol, and a multi-million-dollar strategic partnership with the Singapore Institute of Technology…. Regtech Security.
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.
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.
Singlife Unveils Upgraded Insurance Plans to Address Coverage …
WEBMar 14, 2024 · Homegrown digital-first insurer Singlife today announced the roll-out of two revised insurance plans: Singlife Elite Term II and Singlife Cancer Cover Plus II, aimed at enhancing the financial stability and peace of mind for the Singaporean populace. This initiative aims to address the changing protection needs and fills the gaps in coverage ...
MAS Releases Executive Summary of Gen AI Risk Framework for …
WEBNov 15, 2023 · MAS had released an executive summary of the findings, with a full whitepaper set to be published in January 2024. Project MindForge was first announced by Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies, at the Point Zero Forum in June this year. Gen AI …
5 Things to Know About SGQR+, Singapore’s Unified Payments QR
WEBJan 16, 2024 · SGQR+ enters the scene as a promising solution to invigorate interoperable open-loop QR payments in Singapore. Its goal is to unify a broad spectrum of payment providers, thus offering a seamless and convenient payments experience for both customers and merchants. By registering with a single acquirer, merchants can now accept multiple payment ...
Singapore Fintech Report 2023: Pioneering Digital Currencies and …
WEBDec 4, 2023 · The Singapore Fintech Report 2023 examines a significant year for the space in Singapore. With one of the most advanced and innovative fintech ecosystems in the world, an enhanced focus on digital money and assets, increased adoption of new technologies, and a surge in real-time cross-border transactions were noticeable.
Charles & Keith’s E-Commerce Revenue Surges After Nuvei …
WEBMar 20, 2024 · The collaboration aims to boost Charles & Keith’s e-commerce revenue, which has reportedly witnessed double-digit growth since the implementation of Nuvei’s solutions. Notably, Nuvei’s smart routing technology aims to improve card payment authorisation rates across different regions, potentially increasing revenue conversion for …
Walter de Oude Unveils Next Venture After Founding Singlife
WEBAug 14, 2024 · Free Newsletter. Chocolate Finance, a new financial service founded by Singlife’s founder Walter de Oude, has introduced a spare cash management account in Singapore. The account offers a 4.2% annual return on the first S$20,000 and a target of 3.5% per annum on any additional amount, with no complex requirements, fees, or lock-ins.
2023’s Biggest Rounds of Fintech Funding in APAC
WEBJan 4, 2024 · Bolttech – US$246 million, Series B, Singapore. Singaporean insurtech startup Bolttech raised a total of US$246 million in its Series B funding round comprising three tranches secured in October 2022, May 2023 and September 2023. The company claims that the sum represents the largest ever Series B round for an insurtech in …
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