Asia Financial Services News

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...

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...

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)...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...