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.
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.
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.
Fintech Singapore Digital Finance News - FintechNewsSG
3 days ago · Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes. By Fintech News Singapore October 11, 2024. Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase….
Aspire Unveils New Singapore HQ, Aims to Double Fintech …
Nov 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 ...
Singapore's Aspire Raises US $158 Million to Build the "Salesforce" …
Sep 27, 2021 · Free Newsletter. Y-Combinator-backed Aspire announced today they have raised US$ 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 Million ...
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 ...
Rise of Nium to Become a Rare Singaporean Fintech Unicorn
Oct 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 ...
Top 18 Fintech Events in Singapore to Attend in 2024
Dec 13, 2023 · HYFI Conference 2024. March 07, 2024. ONE°15 Marina Sentosa Cove, Singapore. HYFI Conference 2024, scheduled for March 07 at the ONE°15 Marina Sentosa Cove in Singapore, is a premier future-tech event that brings together leaders and innovators in artificial intelligence (AI), fintech, traditional finance, and Web 3.0 spaces.