List of Licensed Crypto Services Providers in Singapore
WEBJan 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.
Riding the Wave: Asia Payments Trends Show Digital Payments on …
WEBAug 22, 2024 · According to The Banker, as of July 2023, the number of users of QR payment apps in Singapore, Malaysia and Indonesia reached almost 1 million people. By 2025, the number of QR payment apps is expected to grow by 78%, securing more than 1.77 million users. However, QR payments are still nascent in the region compared to other types of digital ...
Fintech Singapore Digital Finance News - FintechNewsSG
WEB2 days ago · Fintech News Singapore Regtech Singapore Ramps Up Anti-Money Laundering Measures After S$3 Billion Bust By Fintech News SingaporeOctober 7, 2024 Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). This comes after a review sparked by the high-profile money laundering case in August 2023, in which more than…
Endowus Surpasses S$2 Billion in AUM - Fintech Singapore
WEBAug 25, 2022 · Endowus, a digital wealth advisory platform licensed by the Monetary Authority of Singapore (MAS), announced that it has crossed S$2 billion in client assets across its private wealth and public pension (CPF & SRS) offerings. In the past year, Endowus reported that it has hit other key growth milestones with …
6 Key Takeaways From MAS’ New Technology Risk ... - Fintech …
WEBMar 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 ...
Seizing the Billion-Dollar Opportunity of Generative AI in Financial ...
WEBApr 16, 2024 · Specifically, the banking sector could see an annual boost of US$200 billion to US$340 billion, representing 9% to 15% of operating profits. Recognising this incredible promise, Dipen asserts, “Generative AI is probably the first piece of technology that really impacts the end-to-end lifecycle of financial services.”.
Singapore’s First Wholesale Digital Bank GLDB Goes Live
WEBJun 3, 2022 · The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale bank licenses by the Monetary Authority of Singapore (MAS) in December 2020. ...
Top 18 Fintech Events in Singapore to Attend in 2024
WEBDec 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.
5 Things to Know About SGQR+, Singapore’s Unified Payments QR
WEBJan 16, 2024 · SGQR+ enters the scene as a promising solution to invigorate interoperable open-loop QR payments in Singapore. Its goal is to unify a broad spectrum of payment providers, thus offering a seamless and convenient payments experience for both customers and merchants. By registering with a single acquirer, merchants can now accept multiple payment ...
ASEAN Fintech Movement Established by Six National Fintech …
WEBNov 2, 2022 · The national fintech associations of Singapore, Cambodia, Malaysia, the Philippines, Thailand and Vietnam have signed a memorandum of understanding (MOU) to form the ASEAN Fintech Movement. The MOU, which was signed during the Singapore Fintech Festival, formalises each association’s involvement in the formation of the ASEAN Fintech Movement.