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.
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 ...
Blockchain Firm Lightnet Expands Payout Services Across SE Asia …
WEBFeb 16, 2021 · Blockchain firm Lightnet has announced its collaboration with MoneyGram, a provider of cross-border P2P payments and money transfers.. The integration and implementation of Lightnet’s technology with MoneyGram‘s money transfer services provides customers with a wide selection of payout services across South East Asia.. This collaboration centers around Bridgenet, Lightnet’s first-layer ...
Banking-as-a-Service: A Promising Sector in Southeast Asia
WEBAug 18, 2021 · In Southeast Asia, banking-as-a-service (BaaS) can help financial institutions reach a greater number of customers and improve financial inclusion. But for BaaS to reach its full potential, the sharing of data is critical, Arvind Swami, director of business development for Red Hat’s Asia Pacific (APAC) financial services division, told Fintech News Singapore in an interview.
WEBWe hope that this Singapore Fintech Report 2022 that we have painstakingly compiled will provide our readers a comprehensive view of the latest insights and updates from the region. We would like to thank you for your continued support and we look forward to being a part of your fintech journey in 2022 and beyond.
Digital Technology Investment Bears Fruit for Singaporean Retailers
WEBJun 6, 2022 · Author. During COVID-19, Singaporean retailers adapted well to the constraints imposed by the pandemic, ramping up investment to improve their operations and integrate digital technologies. These investments bore fruit, with 68% of 500+ Singaporean businesses surveyed by Adyen and KPMG indicating seeing their revenue grow by 20% or more in 2021.
MAS Launches Project Guardian to Pilot Use Cases in Digital Assets
WEBJun 1, 2022 · The Monetary Authority of Singapore (MAS) announced the launch of Project Guardian, a collaborative initiative that seeks to explore the economic potential and value-adding use cases of asset tokenisation. Project Guardian will test the feasibility of applications in asset tokenisation and DeFi while managing risks to financial stability and ...
MAS Green Lights Nityo’s US$100 Million Investment in MatchMove
WEBDec 9, 2021 · Nityo is providing MatchMove with an investment of US$100 million comprising US$20 million cash and US$80 million in kind consisting of technology services, specialist personnel, cost synergies and enhanced sales and distribution. For MatchMove, this allows the company to leverage Nityo’s assets, distribution, products and expertise.
Huawei Certifies and Offers Temenos’ Cloud-Native Core Banking …
WEBJun 4, 2021 · Huawei and Swiss banking software company Temenos announced a partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud. Temenos is the first core banking software to be certified with the Huawei Public Cloud and its infrastructure. The partnership covers Asia with a specific focus on China and it …
Fraud Attacks Increase Amid Rising Digital Banking Adoption
WEBNov 17, 2020 · Similarly, fraud prevention platform Arkose Labs said it detected and stopped 1.1 billion attacks in H1 2020. The number represents double the attack volume compared to H2 2019 and a 25% attack rate increase across all transactions. The finance and fintech sector was amongst the top targets for …
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