List of Licensed Crypto Services Providers in Singapore
Jan 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 …
What's Next For Digital Insurer Singlife After Its Merger With Aviva ...
Jan 28, 2021 · 2020 was a good year for Singapore’s digital life insurer Singlife. The company completed its S$3.2 billion merger deal with Aviva Singapore, the largest transaction ever in the Singaporean insurance sector. It also launched the Singlife Account, a mobile-first insurances savings account, which rapidly gained popularity and now counts almost 80,000 customers.
Singapore’s First Wholesale Digital Bank GLDB Goes Live
Jun 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 …
MAS Threatens Supervisory Action if Banks Exceed 4 Hours of …
Jul 6, 2022 · It requires banks to be able to recover systems supporting critical banking services such as fund transfers and payments services within four hours following any disruption. In addition, the total unscheduled downtime for each critical system must not exceed four hours within any 12-month period. MAS takes supervisory action when the banks ...
Aspire Unveils New Singapore HQ, Aims to Double Fintech …
Nov 30, 2023 · Aspire, an all-in-one finance platform for businesses, has opened its new headquarters in Singapore, aiming to enhance its role in fintech research and development (R&D) within the region. The firm also shared its plans to double its fintech-specialised workforce in the city-state to 300 by 2025. The company had also set up a new financial ...
Digital Banks in Singapore - Fintech Singapore
ANEXT BANK. ANEXT Bank is on a mission to make financial services accessible and effortless for SMEs. As one of Singapore’s latest digital wholesale banks fully regulated by MAS, they’re committed to continuous innovation to bring about simpler, safer and more rewarding financial services. GLDB. GLDB is committed to empowering MSMEs and ...
Trust Bank Unveils New Cashback Credit Card on 2nd Anniversary …
Aug 29, 2024 · Until the end of 2024, new customers can receive an unlimited 1.5% cashback on all spending, while existing customers will receive 1%. The bank has grown its customer base to over 800,000. Trust Bank’s Credit card has recorded over S$4.5 billion in transactions since its launch. Customer deposits have reached S$3 billion by the end of June ...
6 Key Takeaways From MAS’ New Technology Risk ... - Fintech …
Mar 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 ...
Rise of Nium to Become a Rare Singaporean Fintech Unicorn
Oct 30, 2023 · It has expanded beyond Singapore and now Nium has picked London as its European headquarters. Nium’s meteoric rise as a rare fintech unicorn in Singapore is a confluence of visionary leadership, technological innovation, and strategic decisionmaking. In a world where fintech is redefining traditional financial paradigms, Nium stands as a ...
TOP 20 FINTECH STARTUPS IN SINGAPORE
Nium is valued at US$1.4 Billion with latest US$50 million Series E fundraise led by a sovereign wealth fund in Southeast Asia and includes previous investors BOND, NewView Capital, and Tribe Capital. Nium’s payout network supports 100 currencies and spans 220+ countries, 100 of which are in real-time, and funds can be disbursed to accounts ...