Hyperledger, smart contracts and private blockchains are a key focus: IBM

By Shiwen Yap for DealStreetAsia

The rise of blockchain has coincided with the growth of the a growing number of financial service majors entering this space, with technology corporations like IBM leveraging on this to growth their expertise and collaborate with them to explore the full potential of the blockchain. (more…)

About, Blockchain, InspirAsia, Interviews, Singapore

November 15, 2016


How Singapore and HK are accelerating the growth of their fintech ecosystems

By Yon Heong Tung for e27

As two countries with high stature in the global financial sector, Singapore and Hong Kong are equally renowned for pushing the envelope of financial technology (though not in equal measure). (more…)

About, Fintech news, Government activities, Hong Kong, Singapore

November 14, 2016


Singapore p2p lending platform MoolahSense gets full CMS licence from MAS

By Yon Heong Tung for e27

Singapore-based peer-to-peer (p2p) lending platform MoolahSense has announced today it has been awarded a full Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). (more…)

Fintech news, Government activities, p2p-payments, Singapore

November 11, 2016


Singapore’s central bank just released 12 APIs. And there’s more to come.

By  for TechInAsia

The Monetary Authority of Singapore (MAS) yesterday released 12 APIs on its website. The datasets from MAS’ Monthly Statistical Bulletin are available to developers who work on relevant apps and services. (more…)

Fintech news, Government activities, Singapore

November 11, 2016


MAS reviewing venture capital regime to anchor more funds in Singapore

By Siow Li Sen for The Business Times

THE Monetary Authority of Singapore is reviewing its regulatory regime for venture capital (VC) managers to get more of them in Singapore as part of the nationwide innovation drive.


About, Government activities, Singapore

November 10, 2016


Online remittance startup Toast raises $1.5m to be a bank for migrant workers

By  for TechInAsia

Online remittance startup Toast had a goal: it wanted to help migrant workers in Asia send money back home. This way, they wouldn’t have to deal with exorbitant remittance fees, queues at money transfer operator outlets, and long transfer times. (more…)

Deals, Fintech news, Hong Kong, Mobile-first banks, Remittances, Singapore

November 10, 2016


A simulator for managing consumer lending portfolios just raised $750k

By  for TechInAsia

How do you learn to fly a plane without a few hundred crashes? A good start: get in a flight simulator and crash to your heart’s content. Conversely, how do you learn to manage consumer loans without a few hundred bank account crashes? Well, it turns out there’s a simulator for that too. (more…)

Deals, Fintech news, p2p/online lending, Singapore

November 9, 2016


R3 partners Singapore’s MAS for blockchain lab

By Finextra

Distributed ledger technology consortium R3 has teamed up with the Monetary Authority of Singapore (MAS) to open a centre of excellence on the island. (more…)

Blockchain, Fintech news, Singapore

November 9, 2016


Hong Kong’s welcome mat to fintech start-ups looks worn

By  for Financial Times

Some months ago, when Joe Tsai of Alibaba addressed a seminar in Hong Kong on his firm’s financial strategy, the first hand that shot up when he invited questions belonged to a Hong Kong insurance regulator. “You say you are interested in internet insurance,” the bureaucrat said. “I want to make sure when you come to Hong Kong, you get a proper licence.” (more…)

About, Fintech news, Government activities, Hong Kong, Singapore

November 9, 2016


Standard Chartered and IBM back Byte Academy’s Singapore fintech school

By Finextra

Standard Chartered Bank, IBM, Insead, Thomson Reuters and Microsoft are backing a fintech school at New York-based Byte Academy’s first international venture, in Singapore. (more…)

Fintech news, Singapore

November 7, 2016


BNY Mellon to open eighth innovation centre in Singapore

By Finextra

BNY Mellon, a global leader in investment management and investment services, today announced its newest Global Innovation Center will open in Singapore on 17 November 2016. (more…)

Banks, Fintech news, Singapore

November 7, 2016


Singapore fintech snags top Indian bank as client

By Jamie Lee for Business Times

A HOMEGROWN fintech has snagged India’s largest bank has its client, using technology to create spending analyser tools for card customers at the State Bank of India (SBI). (more…)

Banks, Deals, Fintech news, India, Singapore

November 7, 2016


Another Singapore crowdfunding startup gets green light: Funding Societies gets provisional CMS license

By Kevin McSpadden for e27

About four months after Funding Societies temporarily halted its crowdfunding loan terms in order to ensure it met regulations set by the Monetary Authority of Singapore (MAS), the Singaporean startup announced today it has received a provisional Capital Markets Services (CMS) license from the nation’s central bank. (more…)

Crowdfunding/investing, Deals, Fintech news, Malaysia, p2p/online lending, Singapore, SME

November 7, 2016


First Cross-Border Rewards Platform UTU Launches, Aims to Reimagine the Loyalty Ecosystem


UTU empowers shoppers to earn, redeem and convert rewards points through smartphones, in real time, at any UTU merchant outlet worldwide.

UTU drives users, payment card schemes and card issuers to increase tourist and local spending at acquirers’ merchants. (more…)

Fintech news, InspirAsia, Singapore, Thailand

November 6, 2016


Singapore’s equity crowdfunding platform Fundnel clears major MAS regulatory hurdle

By Kevin McSpadden for e27

Fundnel, a Singaporean equity crowdfunding platform, announced today it has received a provisional Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) — clearing a major regulatory hurdle within the industry. (more…)

Crowdfunding/investing, Fintech news, Singapore

November 4, 2016


Singaporean startup FinGo taps eWise for aggregation tech

By Finextra

FinGo Ventures has today announced a partnership with account aggregation specialists eWise, ahead of the launch of the mobile payments and bank account aggregation app, FinGo. (more…)

Fintech news, Mobile payments/banking, Singapore

November 1, 2016


OCBC enables cash transfers via Siri and iMessage

By Finextra

OCBC Bank claims to be the first bank in Asia to enable voice transactions via Apple’s virtual assistant Siri and in-app with iMessage.

The Siri and iMessage services for OCBC’s Pay Anyone P2P mobile app are available to customers using iPhone devices running the iOS10 software.

Banks, Fintech news, InspirAsia, p2p-payments, Singapore

October 28, 2016


Premier Tax Free taps Wirecard for emerging payments

By Finextra

For merchants, the integration of value added services including those that are ‘tax free’ and alternative payment procedures at the Point of Sale (e.g. Alipay, WeChat) is becoming increasingly important. (more…)

Fintech news, POS/mPOS and online acquiring, Singapore

October 21, 2016


Kashmi launches mobile bank to counter ‘floundering’ attempts by financial firms to attract millennials and go digital

By  for TheDrum

Kashmi, a social payments app based in Singapore, has expanded its remit by launching a ‘360 degree digital’ banking service, aimed at younger people in south-east Asia. (more…)

Fintech news, InspirAsia, Mobile-first banks, Singapore

October 20, 2016



Three Reasons Why Asia Will Be The Hottest InsurTech Market

By George Kesselman for Forbes

If I could charge a dollar every time someone asked me this year, “George, what’s the latest and ‘hottest’ InsurTech [Insurance Technology] startup in Asia?” I would have probably saved enough to buy the much anticipated upcoming MacBook Pro! (more…)

Hong Kong, Hotnews, InspirAsia, Insurance, Singapore

October 11, 2016


Helping retail investors gain an edge

By Aaron Low for The Business Times

App that alerts retail investors of moves by the smart money takes top prize in early stage category. (more…)

Financial Markets / Trading, PFM/PFP services, Singapore

October 10, 2016


Here’s how Singapore plans to make its services as easy as Facebook Connect

By Michael Tegos for TechInAsia

The Singapore government made one more step toward bringing public services online. GovTech, or the Government Technology Agency, launched yesterday to drive Singapore’s digital strategy. (more…)

Government activities, InspirAsia, Singapore

October 8, 2016


AI and data analytics startup Nugit secures $5m from Sequoia

By Judith Balea for TechInAsia

Marketing professionals usually spend half their time extracting, cleaning, and combining data before they can analyze how a campaign has performed. Perceiving a gap in the industry, as the volume of data and marketing channels continue to multiply, Australian entrepreneur Dave Sanderson decided to start Nugit. (more…)

Deals, InspirAsia, news, Singapore

October 6, 2016


Swipe, send, secure: The best mobile payment methods in Singapore

By Duckju Kang for e27

In the last one to two years, mobile payments have taken Singapore by storm, and recent studies have shown that mobile payment transactions are growing at around 40 per cent annually. (more…)

eWallets, Mobile payments/banking, p2p-payments, p2p/online lending, PFM/PFP services, POS/mPOS and online acquiring, Remittances, Singapore

October 4, 2016


MAS to boost fintech skills among tertiary students through MOU with 5 polytechnics

By Yon Heong Tung for e27

More than 2,500 students enrolled in banking and IT courses are expected to benefit from this new initiative. (more…)

Fintech news, Hotnews, Singapore

October 3, 2016


Singapore poised to steal London’s fintech crown

By Finextra

Singapore’s lucrative FinTech sector looks poised to grow as rivals around the world struggle with regulatory challenges and political upheaval, according to a new report from ACCA (the Association of Chartered Certified Accountants). (more…)

Global trends, InspirAsia, Singapore

October 1, 2016


The remittance process takes too long. This startup is changing that.

By Leila Lai for TechInAsia

Chynge, a Singapore-headquartered fintech startup which has developed a way to clear monetary regulations on remittance transactions more efficiently across the Asia Pacific region, is now looking to expand its reach. (more…)

InspirAsia, Remittances, Singapore

September 29, 2016


Fintech hubs go under the microscope

By Finextra

London, Singapore, New York, Hong Kong and Silicon valley have been ranked as the world’s top fintech hubs, although specialist niches are emerging in Belgium, Ireland, and Shanghai, according a report by Deloitte. (more…)

Analytics, Global trends, Hong Kong, Hotnews, Marketing Report, Singapore

September 28, 2016


IBM Is Opening a Blockchain R&D Center in Singapore

By Reuters

As the city-state strives to become Asia’s main financial technology hub. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, Singapore

July 13, 2016