Tag: Monetary Authority of Singapore
Singapore Pledges S$35 Million in Sustainable Finance Skills Development – Fintech Singapore
The Monetary Authority of Singapore (MAS), in collaboration with the Institute of Banking and Finance (IBF) and Workforce Singapore (WSG), has launched the Sustainable...
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Retail Hemorrhage: Global Fraud Eats $429 Billion While Consumers Take a Beating
Brick-and-mortar stores
and online retailers alike are facing a financial nightmare – a staggering $429
billion vanished from their coffers in 2023 due to fraudulent activity,
according...
Nuvei Gains Momentum in APAC Market with Singapore MPI License
The Canadian fintech company Nuvei Corporation has
secured a Major Payment Institution (MPI) license in Singapore as part of its
initiative to expand operations in the...
Ripple Plans to Launch USD-Pegged Stablecoin – Fintech Singapore
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals.
This...
Crypto Trading Firm GSR Granted Full License in Singapore – Fintech Singapore
GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore...
TerraPay Gets MAS Green Light for Payment License – Fintech Singapore
by Fintech News Singapore
April 8, 2024
Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore...
Money Lock Safeguarded S$6.6B Across Over 78,000 Singapore Accounts – Fintech Singapore
by Fintech News Singapore
April 2, 2024
Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in...
COSMIC Platform Goes Live in Singapore to Combat Financial Crime – Fintech Singapore
by Fintech News Singapore
April 1, 2024
The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering...
Singapore Continues Suspension to Safeguard Remittances to China – Fintech Singapore
The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China.
This suspension, now extended until 30 September...
RWA Tokens Rally 81% In One Week As Institutions Dive Deeper Into On-Chain Finance – The Defiant
Real-world assets (RWAs) are on fire, with RWA governance tokens surging as institutions explore new use cases for on-chain finance.The combined capitalization of RWA...
Revolutionizing Investment with DigiFT’s US Treasury Bills for All
In the constantly evolving landscape of financial technology, a new milestone has been reached by DigiFT, a forward-thinking fintech firm based in Singapore. They’re...
Ant Group Injects Another S$200 Million Funding Into ANEXT Bank – Fintech Singapore
by Fintech News Singapore
March 25, 2024
Ant Group has further invested S$200 million (approximately US$148 million) into ANEXT Bank, its wholly-owned subsidiary and SME digital...
Doo Financial’s Subsidiary DCM Secures CMS License from MAS
Doo Capital Market SG Pte. Ltd. (DCM), a subsidiary under
Doo Financial, has recently received approval for a Capital Markets Services
(CMS) license from the Monetary...