FinTech

14 digital bank applications to progress to next stage of assessment: MAS

14 of the 21 digital bank applications received by the Monetary Authority of Singapore (MAS) have met the eligibility criteria required for...

MAS to develop fairness metrics in usage of AI for credit risk scoring and customer marketing

MAS has announced the commencement of the first phase of the Veritas initiative – a framework for financial institutions to promote the...

DBS enables over 800 merchants on e-Bazaar platform to get paid instantly

DBS is stepping up to allow more than 800 merchants on e-Bazaar platform, BazaarRia, to get paid instantly.

21 applications for digital bank licences received: MAS

At the close of application on December 31, 2019, the Monetary Authority of Singapore (MAS) received 21 applications for digital bank...

Catapulting moneylending into the cyber age: LendFoundry CEO Sandeep Phophaliya

Money-lending is one of the cornerstones of the global economy, with the concept almost as old as currency itself.

Singapore startup Tookitaki announces SGD 26.2 mn Series A funding round

Singapore-based anti-money-laundering startup Tookitaki announced on Monday that it has raised an additional USD 11.7 million in funding...

SFF x SWITCH 2019 concludes with record number of speakers, to return November 9-13 next year

Concluding its combined week-long event on November 15, SFF x SWITCH attracted more than 60,000 participants from 140 countries.

DBS adopts AI-powered screening technology to enhance compliance

As financial criminals grew increasingly sophisticated, DBS Bank has implemented an artificial intelligence (AI) powered solution to fend...

Financial solutions need to be embedded in people’s lives: MAS Ravi Menon

For financial inclusion initiatives to stick, central banks and regulators need to ensure that FinTech offers interoperable solutions.

In Pics: Singapore FinTech Festival 2019

India and Singapore deepened their economic cooperation across the board during the ongoing Singapore FinTech Festival 2019, launching an...

BHIM-UPI QR based payment system goes international with soft launch in Singapore

This is the first time that the BHIM app has gone international with the project targeted to go live by February 2020.

MAS, Deloitte team up to create industry-wide FinTech research platform

The aim of the platform is to help investors and financial institutions connect with FinTech​ start-ups that they can partner with or...

Central bank of France to set up first Asian office in Singapore

The Singapore office is expected to be open in early 2020.

India building a strong FinTech partnership with Singapore: HCI Ashraf

There are a lot of exciting possibilities in Singapore and Indian youth are looking at how they can build startup brands in the region,...

Dubai ranked seventh in top FinTech locations of the future

Dubai has ranked seventh in the world’s top FinTech Locations of the Future 2019/20 for Economic Potential Index, by fDi Markets.

IBM and Tata join governing council of US tech platform

International Business Machines (IBM) and Tata Communications have joined the governing council of distributed public ledger platform Hedera...

PhonePe gets SGD 139-mn fund infusion from Singapore parent company

Flipkart's online payment app PhonePe has received SGD 139.15 million (INR 697.91 crore) in a fresh fund infusion from its Singapore parent...

Singapore-based InstaRem announces close of USD41 million Series C funding round

InstaReM, a Southeast Asia-based digital cross-border payments company, has announced the close of its SGD55.4 million (USD41 million)...

Fintech investments in 2018 double to USD365 million in Singapore

The rise of the fintech sector in Singapore has been highlighted once again as the investment in this field has doubled to USD365 million...

MAS launches SGD30 million grant to enhance cybersecurity in finance

The Cybersecurity Capabilities Grant also aims to help financial institutions develop local talent in cybersecurity.

Cross-border payments firm InstaRem secures over SGD27.4m Series C funding

Digital cross-border payments company InstaReM has secured a first close of more than USD20 million (SGD27.47 million) in its Series C...

MAS, Bank of Canada and Bank of England jointly assess cross-payment models

The report “Cross-border interbank payments and settlements: Emerging opportunities for digital transformation” discusses how a variety...

MAS proposes creating a new regulatory sandbox with fast-track approvals

The Sandbox Express is suitable for activities where the risks are generally low, or well understood and could be reasonably contained...

Modi’s speech opens doors for collaboration: Indian fintech firms at SFF2018

Connected to India spoke to some of the Indian fintech firms at the SFF2018, on their experience of the festival, as well as their thoughts...

India best investment destination, Modi tells global fintech firms

Asserting that India was one of the top nations for fintech adoption, Prime Minister Narendra Modi today exhorted the global fintech majors...