Asia Financial Services News

Asia Financial Services News

  • Karen Noack
  • 26 October 2021
Singapore will launch a new digital platform to increase financial information sharing and act as an early warning system to help fight money laundering and financing of terrorism and weapons of mass destruction. The Monetary Authority of Singapore (MAS) said...
Read More
  • Karen Noack
  • 26 October 2021
The sixth Singapore FinTech Festival (SFF) gets underway early next month as part of the city-state’s ongoing efforts to lead the world in fintech. This year’s festival from November 8 to 12 focuses on the impact Web 3.0 will have...
Read More
  • Karen Noack
  • 26 October 2021
UBX, the fintech arm of UnionBank of the Philippines, has opened a new Singapore headquarters to tap into the city-state’s large fintech ecosystem. The fintech said it was expanding into Singapore as a bridge for start-ups who want to enter...
Read More
  • Karen Noack
  • 26 October 2021
The National University of Singapore (NUS) has topped a worldwide ranking of educational institutions that are supporting and nurturing qualifications in digital ledger blockchain technology. NUS grabbed first place in the Top 50 rankings compiled by crypto and digital asset...
Read More
  • Karen Noack
  • 26 October 2021
Singapore’s real-time payments system PayNow doubled in both value and volume of transactions in 2020, and is set to double in value again this year after very strong growth in the first half. Launched four years ago, PayNow has been...
Read More
  • Karen Noack
  • 26 October 2021
Standard Chartered Bank is investing US$500 million (S$675 million) in Atome, Asia’s largest buy now pay later (BNPL) platform. Standard Chartered and Singapore-based fintech Atome Financial, a unit of Advance Intelligence Group, said the 10-year multi-product regional partnership combines their...
Read More
  • Karen Noack
  • 27 September 2021
The amount of money invested in Singapore’s fintech industry showed healthy signs of recovery in the first half of 2021 after being sideswiped by the pandemic last year. Latest deal numbers from London-based research and advisory firm FinTech Global showed...
Read More
  • Karen Noack
  • 27 September 2021
BitDATA Exchange (BitEx) Singapore has launched a fiat-to-crypto mobile trading platform as the latest step of its plans to attract more retail clients in the city-state. The homegrown exchange said its new user-centric mobile app, which follows the launch of...
Read More
  • Karen Noack
  • 27 September 2021
Singapore and India will link their real-time payments systems in a move that will enable fast, low-cost cross-border payments for a potential customer base of millions of people. The Monetary Authority of Singapore (MAS) and the Reserve Bank of India...
Read More
  • Karen Noack
  • 27 September 2021
Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has moved to clearly highlight its separate trading entities after Singapore’s regulator stopped local payment services by Binance.com in early September. The Monetary Authority of Singapore (MAS) put...
Read More
  • Karen Noack
  • 27 September 2021
Singapore has announced a range of measures in September to help promising high-growth start-ups raise capital – moves set to boost support for the country’s growing fintech sector. Support and financing will be available at various stages of fundraising in...
Read More
  • Karen Noack
  • 27 September 2021
A Singapore-led fintech innovation project is bringing together central banks from around the world to trial the use of central bank digital currencies (CBDCs) for cross-border payments. The Bank for International Settlements Innovation Hub, the Monetary Authority of Singapore, Bank...
Read More
  • 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...
Read More
  • 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...
Read More
  • 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...
Read More