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.
Riding the Wave: Asia Payments Trends Show Digital Payments on …
WEBAug 22, 2024 · According to The Banker, as of July 2023, the number of users of QR payment apps in Singapore, Malaysia and Indonesia reached almost 1 million people. By 2025, the number of QR payment apps is expected to grow by 78%, securing more than 1.77 million users. However, QR payments are still nascent in the region compared to other types of digital ...
MAS Releases Executive Summary of Gen AI Risk Framework for …
WEBNov 15, 2023 · The Monetary Authority of Singapore (MAS) has wrapped up the first phase of Project MindForge, an initiative aimed at creating a risk framework for the use Generative Artificial Intelligence (Gen AI) in the financial sector.. MAS had released an executive summary of the findings, with a full whitepaper set to be published in January 2024.. Project MindForge was first announced by Heng Swee ...
7 Things You Need to Know About Singapore’s Digital Banking …
WEBJul 2, 2019 · Here’s what you need to know about virtual banking in Singapore: 1. Singapore Will Issue Up to 5 Licenses. Via Singapore Fintech Festival. Tharman Shanmugaratnam, Chairman of the Monetary Authority of Singapore, said that the 5 virtual banking licenses will include two full digital banking licenses, and …
Fintech Singapore Digital Finance News - FintechNewsSG
WEBFintech News Singapore India InsurTech DBS in Early Talks for Insurance Collaborations in India, Taiwan By Fintech News SingaporeSeptember 11, 2024 DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to
Singapore Fintech Report 2023
WEBThe Fintech Singapore Report 2023 examines the state of the industry in Singapore, noting the government's pro-innovation regulations and initiatives that nurture fintech startups, along with the active role played by the Monetary Authority of Singapore (MAS) in developing infrastructure and capabilities for emerging technologies.
Singapore’s First Wholesale Digital Bank GLDB Goes Live
WEBJun 3, 2022 · The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale bank licenses by the Monetary Authority of Singapore (MAS) in December 2020. ...
Endowus Surpasses S$2 Billion in AUM - Fintech Singapore
WEBAug 25, 2022 · Endowus, a digital wealth advisory platform licensed by the Monetary Authority of Singapore (MAS), announced that it has crossed S$2 billion in client assets across its private wealth and public pension (CPF & SRS) offerings. In the past year, Endowus reported that it has hit other key growth milestones with …
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 ...
Singapore Fintech Report 2023: Pioneering Digital Currencies and …
WEBDec 4, 2023 · The Singapore Fintech Report 2023 examines a significant year for the space in Singapore. With one of the most advanced and innovative fintech ecosystems in the world, an enhanced focus on digital money and assets, increased adoption of new technologies, and a surge in real-time cross-border transactions were noticeable.