Asia Financial Services News

Asia Financial Services News

  • Richard Hubbard
  • 23 August 2021
Singapore-headquartered fintech firms Hashstacs (STACS) and Mintable are among seven companies selected worldwide for Mastercard’s inaugural global start-up program. The Mastercard Start Path program will support fast-growing blockchain, digital assets and cryptocurrency companies by offering expertise and technology to help...
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  • Richard Hubbard
  • 23 August 2021
Singapore’s economy had a rocky first half in 2021 as the Covid crisis took its toll, but the fintech industry has been seeing plenty of activity. Fintech deal volumes are up sharply, although the value of these transactions is well...
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  • Richard Hubbard
  • 23 August 2021
Lu International, a subsidiary of Chinese fintech Lufax Holding, and UK asset manager Schroders are partnering to launch a southeast Asian-focused digital wealth management service. Lufax, an online wealth management company backed by China’s Ping An Insurance, will use its...
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  • Richard Hubbard
  • 23 August 2021
Singapore’s future as the leading location for regulatory technology (regtech) companies in the Asia-Pacific region is extremely bright, according to Enterprise Ireland. A government body responsible for the development and growth of Irish enterprises in world markets, Enterprise Ireland has...
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  • Richard Hubbard
  • 23 August 2021
South Korean tech giant Kakao Corp has picked Singapore as its base to develop an international blockchain business. The company said it had established two new blockchain entities in Singapore – one will be a non-profit firm known as the...
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  • Richard Hubbard
  • 23 August 2021
Australian cryptocurrency exchange Independent Reserve has received “in principle” approval from Singapore’s central bank to provide digital payment token (DPT) services in the city-state. It makes Independent Reserve one of the first virtual asset service providers (VASPs) to obtain an...
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  • Richard Hubbard
  • 28 July 2021
Singapore is on track to see a record level of fundraising in its fintech sector this year despite the pandemic. This flurry of activity comes as more mainstream institutions move into the sector, and demand for digital payment systems and...
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  • Richard Hubbard
  • 28 July 2021
Getting a licence to provide digital currency services in Singapore could take at least a year, but that isn’t slowing the number of financial institutions keen to apply. In Singapore, a licence to operate digital currency services is provided under...
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  • Patrick Buncsi
  • 28 July 2021
Singapore-based digital wealth technology provider Bambu has expanded its global reach with the acquisition of Tradesocio, a fintech specialising in investment management and trading technologies with offices in India and Dubai. The acquisition gives Bambu a presence in all major...
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  • Richard Hubbard
  • 28 July 2021
Singapore has begun gearing up for its big fintech festival later this year by announcing a series of awards for companies and individuals leading the way in the financial technology arena. The awards look to drive development and recognise efforts...
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  • Richard Hubbard
  • 27 July 2021
Swiss-based fintech PrimeXM is expanding its technology services in Asia with a new trading data centre in Singapore. PrimeXM said in a statement released in July that its new data centre went live on the Singapore Equinix data exchange in May...
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  • Richard Hubbard
  • 27 July 2021
Singapore’s central bank plans to expand anti-money laundering regulations to cover the booming market in digital payment tokens. The Monetary Authority of Singapore (MAS) has issued a consultation paper on its proposals to update the existing anti-money laundering and countering...
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