BankingFeaturedMonetary Authority of Singapore launches data-sharing platform to combat money launderingIFM CorrespondentOctober 5, 2021October 5, 2021 by IFM CorrespondentOctober 5, 2021October 5, 2021 The platform is named Cosmic and it will enable financial institutions to securely share information on customers or transactions... Read more
FeaturedTechnologyPropine gets approval to provide crypto custodyPritam BordoloiJanuary 15, 2021 by Pritam BordoloiJanuary 15, 2021 The startup received regulatory approval from the Monetary Authority of Singapore (MAS)... Read more
EconomyFeaturedSingapore sees slow economic progress from recession: MASPritam BordoloiOctober 28, 2020 by Pritam BordoloiOctober 28, 2020 The economy contracted by around 7 percent in the third quarter of the year... Read more
FeaturedFintechSingaporean fintech Spark secures $10.5 mn funding from Citi, HSBCPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 Spark’s will use the funds to further develop its in-house technology... Read more
Banking and FinanceFeaturedSingapore announces $88 mn package to support financial sectorInternational Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The aid is in addition to the $4.02 bn set aside in budget 2020 to help the sector fight against Covid-19... Read more
BankingFeaturedSingapore banks to freeze mortgage, defer SME loan paymentsInternational Finance Business DeskApril 1, 2020 by International Finance Business DeskApril 1, 2020 Banks can defer both principal and interest payments for mortgages through December 31... Read more
BankingFeaturedEnigma-led consortium applies for Singapore’s digital bank licenceInternational FinanceJanuary 15, 2020March 18, 2020 by International FinanceJanuary 15, 2020March 18, 2020 Enigma Group is the fifth to bid for a digital bank licence in Singapore... Read more
FinanceSingapore fintech investments rose to $735 mn in 9 monthsInternational Finance DeskOctober 15, 2019 by International Finance DeskOctober 15, 2019 An Accenture report shows that the number of fintech deals dropped from 133 to 94... Read more
FinanceCrypto speculation hinders market transformationInternational Finance DeskFebruary 14, 2018February 27, 2020 by International Finance DeskFebruary 14, 2018February 27, 2020 Sopnendu Mohanty worries that speculation could ‘destroy the experimental value of cryptocurrency’... Read more
FintechThailand, Singapore join hands on fintechInternational Finance DeskJuly 17, 2017 by International Finance DeskJuly 17, 2017 Update existing MoU on banking supervision... Read more