Digital AssetsWealthtech| Fintech Singapore
DigiFT, a decentralised digital asset exchange (DEX) for asset-backed tokens (STO), has closed a US$ 10.5 million Pre-Series A funding round.| Fintech Singapore
Trust Bank has launched a new S$100,000 give-back programme to mark its one-million-customer milestone, aimed at helping 1,000 families in need through a guided shopping experience using generative AI tools. The initiative, held at FairPrice Xtra in VivoCity, was organised in partnership with FairPrice Group (FPG), the Ministry of Social and Family Development’s (MSF) ComLink+ [...] The post Trust Bank’s S$100,000 Community Programme Helps Families Budget with Gen AI appeared first on Fin...| Fintech Singapore
Cognizant, a professional services company headquartered in the US, has announced a five-year strategic engagement with Temenos to develop and market the Temenos Country Model Bank in Australia. The Country Model Bank is an extension of Temenos’ core banking platform, designed to help financial institutions accelerate implementation by offering pre-configured, region-specific banking functions intended to [...] The post Cognizant and Temenos Partner to Develop Country Model Bank in Australi...| Fintech Singapore
Financial sanctions are essential government tools for achieving foreign policy objectives – and compliance is mandatory – but the sanctions landscape can be complex to navigate. Here we unpack some key questions around this important topic. Understand financial sanctions and why they matter. Uncover best-practice approaches for remaining compliant as well as the consequences for [...] The post Financial Sanctions: LSEG Risk Intelligence Answers Your Key Questions appeared first on Fintec...| Fintech Singapore
GXS Bank has introduced Money Lock, a new feature in its app designed to strengthen customer protection against scams. The tool allows users to lock some or all of their savings in up to eight Saving Pockets, which can be enabled through each Pocket’s settings. Once activated, the Saving Pocket is locked immediately. The launch [...] The post GXS Bank Launches Money Lock to Secure Savings Amid Rising Scams appeared first on Fintech Singapore.| Fintech Singapore
The Bank of Thailand has moved to reassure the public following confusion over a reported 50,000-baht daily transfer limit. In a statement, the central bank clarified that the cap will not apply to all customers, but only to specific vulnerable groups. These include children, individuals aged 65 and older, and customers with little to no [...] The post Thai Central Bank Clarifies 50,000 Baht Daily Transfer Cap Applies Only to Vulnerable Groups appeared first on Fintech Singapore.| Fintech Singapore
Artificial intelligence is rewriting the CFO playbook in Asia Pacific. A new Salesforce survey reveals that finance chiefs are dedicating a growing share of budgets to AI agents and expect them to drive long-term business outcomes beyond cost savings. The report found that 75% of CFOs in the region believe AI agents will not only [...] The post Salesforce Study Finds APAC CFOs Doubling Down on Aggressive AI Strategies appeared first on Fintech Singapore.| Fintech Singapore
Singapore’s Sea Ltd has obtained fresh regulatory clearances in Brazil that will enable it to broaden its financial services footprint, according to DealStreetAsia. The company said it has secured a Sociedade de Crédito Direto (SCD) license and received initial approval for a Sociedade de Crédito, Financiamento e Investimento (SCFI) license, reinforcing its ambition to bring [...] The post Sea Steps Up Brazil Push with New Lending Licenses appeared first on Fintech Singapore.| Fintech Singapore
DBS Bank is tokenising structured notes on the Ethereum public blockchain, making them available to eligible investors through third-party platforms ADDX, DigiFT and HydraX. This marks the bank’s first distribution of tokenised products to non-DBS clients. The initiative comes as Singapore strengthens its position as a wealth management hub. The number of single family offices [...] The post DBS Rolls Out Tokenised Crypto-Linked Notes as Singapore’s Wealth Sector Grows appeared first on F...| Fintech Singapore
Databricks, the data and AI company, announced it has signed a term sheet for its Series K funding round, which is expected to close soon with support from existing investors. The round values the company at more than US$100 billion. The proceeds are expected to be used to advance Databricks’ AI strategy, including the development [...] The post Databricks Raising Series K at Valuation Above $100 Billion appeared first on Fintech Singapore.| Fintech Singapore
DigiFT, an exchange focused on institutional-grade tokenised RWAs, has raised a total of US$25 million to date| Fintech Singapore
Ant Group is set to sell its remaining 5.84% stake in Indian digital payments firm Paytm through block deals worth around 38 billion rupees| Fintech Singapore
AustraliaPayments| Fintech Singapore
EzyRemit announced that it has partnered with Thunes to offer real-time international money transfers to over 45 countries.| Fintech Singapore
HeyMax has acquired krip, a Hong Kong fintech company known for its integrated credit card rewards platform.| Fintech Singapore
Coda has acquired Netherlands-based Recharge to expand its global footprint and strengthen B2B and B2C digital content distribution.| Fintech Singapore
eToro has named Yaki Razmovich as its new Managing Director for Singapore and Asia to deepen its presence in the region.| Fintech Singapore
eToro has expanded into Singapore after activating its Capital Markets Services (CMS) license from the Monetary Authority of Singapore.| Fintech Singapore
Baran Ozkan warned that the financial industry in Singapore must learn from its AML lapses or face continuous "multimillion-dollar tuition".| Fintech Singapore
The RBA is progressing with Project Acacia to test CBDCs, stablecoins, and tokenised assets across 24 use cases with banks and fintechs.| Fintech Singapore
Fintech News Singapore provides the latest insights on the Fintech Singapore landscape covering topics like blockchain, digital wallets, payments, cryptocurrency, regtech, insurtech and many more.| Fintech Singapore
DigiFT has been granted a CMS license and has been recognised as a Recognised Market Operator (RMO) by MAS.| Fintech Singapore
The Singapore Fintech Report 2024 offers valuable insights for investors, policymakers, and industry players seeking to understand the opportunities and challenges within Singapore’s thriving fintech sector.| Fintech Singapore
