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318

Singapore’s SoftPay Mobile Wins Vietnamese Talents Awards 2016

By

Singapore’s Mobile Point of Sale company, with its main operations in Vietnam, celebrates its win at the 2016 Vietnamese Talents Awards 2016 which honors leading innovations and inventions in IT. SoftPay Mobile’s MPOS service allows businesses to accept card payments anywhere and anytime. (more…)

Fintech news, POS/mPOS and online acquiring, Singapore, Vietnam

November 24, 2016

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Blockchain Holds Strong as Fintech Venture Funding Dips In Q3; Rebound Expected

By Elliot Maras for CryptocoinsNews

Blockchain technology continues to command a fair share of venture funding for fintech, one of the hottest venture capital (VC) targets worldwide. While the number of deals and the total value of fintech VC investment ebbed in Q3 2016, activity is expected to rebound in the fourth quarter and in 2017, according to a global analysis of venture fintech funding by KPMG and CB Insights. (more…)

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

November 21, 2016

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Winners of Singapore Semi-final and More, Ready To Compete At Fintech Finals 2017

By

13 different startups competed last  for a cash prize of USD$2,000 and the opportunity to compete in the Fintech Finals 2017 in Hong Kong to take place on January 18th and 19th. (more…)

Fintech news, Hong Kong, Hotnews, InspirAsia, Singapore

November 21, 2016

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Singapore become worst performer in Asia

By StatesTimesReview

All Asian countries posted their latest GDP figures suggesting a gold mine in the region with the exception of Singapore, who posted a -4.1% GDP in its latest quarterly projection. (more…)

Global trends, Government activities, InspirAsia, Singapore

November 20, 2016

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Singapore is Shaping Up to Become the Blockchain Center of the World

By Elena Mesropyan for LTP

Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. Global financial institutions like Mastercard, UBS, DBS Bank,OCBC, Wells Fargo and Citigroup are launching their innovation labs and accelerators in Singapore along with significant investments in the ecosystem. (more…)

Blockchain, Fintech news, Government activities, Singapore

November 19, 2016

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FlexM raises US$886K to help the unbanked get paid and remit electronically

By Yon Heong Tung for e27

Its virtual wallet allows users to store up to four virtual pre-paid Mastercards (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances, Singapore

November 17, 2016

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Christmas comes early as MAS bears gifts on innovation sleigh

By Jamie Lee The Business Times

SINGAPORE will close out the year by rolling out a slew of experiments and plans to boost the efficiency of financial transactions through technology, including the use of digital currency, as the Monetary Authority of Singapore (MAS) makes good on its ambition to build a smart financial centre. (more…)

Banks, Blockchain, Fintech news, Government activities, Singapore

November 17, 2016

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Singapore sees Brexit as chance to recruit London’s FinTech talent

By The Business Times

[SINGAPORE] Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state’s central bank. (more…)

About, Government activities, news, Singapore

November 16, 2016

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Singapore’s FinTech Journey – Where We Are, What Is Next

By

More than 11,000 participants from more than 50 countries attending one or more of the many events lined up over these five days of Singapore Fintech Festival. (more…)

About, Fintech news, Government activities, Hotnews, Singapore

November 16, 2016

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Launch of the Latest Security Report on Bank Apps in APAC at Singapore FinTech Festival

By LTP

The rapid digitization of consumers and enterprises will increase the cost of data breaches to USD 2.1 trillion globally by 2019 from USD 500 billion in 2015 – affecting mainly large banks, retailers and federal agencies as per Forbes Inc. One of the recent cyberattacks that happened at one of Australia’s largest banks in 2016 was done by a malware attack using an Android mobile application. The virus presented a fake version of the login screen and intercepted the username or account number and password. The sophistication of this malware enabled it to intercept the two-factor authentication code sent by banks. (more…)

Fintech news, Marketing Report, Mobile payments/banking, Mobile-first banks, Security, Singapore

November 16, 2016

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Trading simulator TradeHero gets acquired by competitor Ayondo

By  for TechInAsia

TradeHero has found a hero of its own. The Singapore-based trading simulator startup has been acquired by Germany-headquartered Ayondo, a group that “invests in new technology and high-growth business models” in the banking sector. The group offers similar services to TradeHero. (more…)

Deals, Financial Markets / Trading, Fintech news, Singapore

November 15, 2016

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Singapore’s central bank has backed its first fintech startup

By  for TechInAsia

Singaporean fintech startup SoCash is the first fintech startup to receive backing from the Monetary Authority of Singapore, it announced today. (more…)

Deals, Fintech news, Government activities, Singapore, SME

November 15, 2016

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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

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MAS and ABS Kick Off Inaugural Singapore FinTech Festival

By

The inaugural Singapore FinTech Festival kicked off today with a series of events that aim to portray the future of a financial industry transformed by innovation and technology. The week-long Festival is organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS), and aims to connect the global FinTech community. The Festival is supported by various sponsors and partners which are key players in the FinTech ecosystem in Singapore and globally. (more…)

About, Fintech news, Government activities, Singapore

November 14, 2016

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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

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First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services

By

BC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as lower costs and a better customer experience. (more…)

Banks, Blockchain, Fintech news, Malaysia, Singapore

November 14, 2016

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Singapore Patners with Vietnam’s National Agency for Technology Entrepreneurship

By

Singapore’s Action Community of Entrepreneurship (ACE) signed a Memorandum of Understanding (MOU) with Vietnam’s National Agency for Technology Entrepreneurship and Commercialization Development (NATEC) earlier this morning. The MOU seeks to establish a cooperative relationship between the two countries for nurturing their robust start-up ecosystems. This includes the provision of venture capital development and other areas of support and development. (more…)

Fintech news, Government activities, Singapore, Vietnam

November 12, 2016

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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

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Millennials Driving Digital Shift in Insurance SectorFrom Wikipedia

By

The insurance industry is undergoing a shift in the way it operates in order to satisfy a new generation of customers – the millennial market. Millennials are demanding more high-tech processes when it comes to insurance, looking for digital interaction at all touch points. Insurance providers are rushing to adopt technology in all aspects of their operations in order to attract millennial customers and keep them engaged. (more…)

Fintech news, InspirAsia, Insurance, Singapore

November 11, 2016

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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

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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.

(more…)

About, Government activities, Singapore

November 10, 2016

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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

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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

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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

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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

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KPMG launches Digital Ledger Services to help companies implement blockchain technology

By

KPMG in Singapore has announced the introduction of its Digital Ledger Services. This is a comprehensive suite of services designed to help companies, especially those in regulated sectors such as financial services, to realise the potential of blockchain capabilities such as providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilising blockchain-based technologies. (more…)

Blockchain, Fintech news, Singapore

November 9, 2016

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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

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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

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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

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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