Asia Financial Services News

Asia Financial Services News

  • Karen Noack
  • 24 January 2022
Fintech start-up accelerator F10 and Singapore-based non-profit Klaytn Foundation have joined forces to launch an incubation program supporting early-stage start-ups built on the public blockchain, Klaytn. Klaytn, a blockchain platform developed by South Korean internet giant Kakao Corp, focuses on...
Read More
  • Karen Noack
  • 24 January 2022
With the Lunar New Year fast approaching, the Year of the Tiger is set to live up to its name as a time of high energy, tenacity, and risk-taking. For Singapore fintechs, there will be plenty of Tiger-style adventure and...
Read More
  • Karen Noack
  • 24 January 2022
Sydney-based blockchain fintech Lygon is the latest Aussie firm to cross the ever-expanding ‘fintech bridge’ between Australia and Singapore. The blockchain-based platform launched in Singapore in mid-January as the first step of its expansion into Asia. Created by ANZ, Westpac,...
Read More
  • Karen Noack
  • 24 January 2022
Binance Singapore users have until 13 February to close their accounts and move crypto assets to third-party platforms or crypto wallets after the embattled company walked away from plans to set up a cryptocurrency exchange in Singapore. The Singapore arm...
Read More
  • Karen Noack
  • 24 January 2022
The Monetary Authority of Singapore (MAS) is cracking down on crypto companies with new guidelines to curb widespread marketing of cryptocurrencies to retail investors. The guidelines, which discourage cryptocurrency trading by the general public, prevent companies from advertising crypto services...
Read More
  • Karen Noack
  • 24 January 2022
Singapore’s first special-purpose acquisition companies (SPACs) made their market debut on the Singapore Exchange (SGX) in January, paving the way for new avenues of funding for fintechs and other high-growth companies.  SPACs, also known as ‘blank cheque companies’, list first...
Read More
  • Karen Noack
  • 23 November 2021
Singapore is launching a new artificial intelligence (AI) scheme to deepen AI capabilities in financial services. The National Artificial Intelligence (AI) Programme in Finance was launched at the Singapore FinTech Festival in November. A joint initiative by the Monetary Authority...
Read More
  • Karen Noack
  • 23 November 2021
Malaysian property developer Hatten Land is teaming up with Singapore fintech Hydra X to jointly develop what they describe as first-of-a-kind cryptocurrency exchanges in Singapore and Malaysia. Hatten said its wholly-owned subsidiary Hatten Technology had signed a joint venture agreement...
Read More
  • Karen Noack
  • 23 November 2021
Financial institutions, fintechs and solution providers were recognised for innovative technology which promotes inclusion and sustainable development in the latest Singapore fintech awards. Winners were announced during the annual Singapore Fintech Festival (SFF) in November by the Monetary Authority of...
Read More
  • Karen Noack
  • 23 November 2021
Fintech funding in ASEAN rebounded strongly in the first nine months of 2021, with Singapore-based firms continuing to attract most funding, according to the FinTech in ASEAN 2021 report. The report, by United Overseas Bank (UOB), PwC Singapore and the...
Read More
  • Karen Noack
  • 22 November 2021
Global fintech platform Airwallex has been granted regulatory approval in Singapore to offer a wide range of digital payments services which it will roll out in the city-state next year. The fast-growing fintech said that its local entity Airwallex (Singapore)...
Read More
  • Karen Noack
  • 22 November 2021
Major banks have an important role to play in helping traditional investors invest in global crypto markets and other digital assets, industry experts say. Digital assets such as cryptocurrencies are part of an unregulated, decentralised and speculative market, but many...
Read More
  • 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