Singapore Fintech Report 2024: Losses Continue to Mount for …
Nov 6, 2024 · In parallel, Singapore remains an active participants in Project Nexus, an initiative spearheaded by the Bank for International Settlements (BIS) to enhance global payments network connectivity.Project Nexus aims to improve the speed, cost, transparency and accessibility of cross-border payments by establishing multilateral linkages of national retail payment systems.
Fintech Singapore Report 2024 - 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.
List of Licensed Crypto Services Providers in Singapore
Jan 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.
GXS Bank Introduces Boost Pocket for Higher Savings Interest
Sep 16, 2024 · GXS Bank, a digital bank backed by Grab Holdings and Singtel, has launched Boost Pocket. This is a new addition to its GXS Savings Account that offers customers the opportunity to earn higher interest rates on their savings.. Launched on 12 September 2024, Boost Pocket combines the benefits of a term deposit with the flexibility of the bank’s existing savings products.
Harvard Business School Spotlights DBS Bank's AI Journey in New …
Sep 16, 2024 · Harvard Business School (HBS) has released a case study on DBS Bank’s use of Artificial Intelligence (AI).. This study, conducted over eight months, is said to be the first of its kind for an Asian bank and a Singaporean company at HBS.
Fintech Singapore Digital Finance News - FintechNewsSG
Fintech News Singapore Personal Finance Mgt (PFM) Sponsored Thailand BigPay Taps Snowdrop Solutions to Simplify Spending Tracking for Thai Users By Fintech News SingaporeDecember 5, 2024 Snowdrop Solutions is expanding its partnership with BigPay to Thailand to provide local users with clearer insights into their spending habits. The partnership aims to transform the way Thai
MAS Bolsters Crypto Payment Rules, Here’s What You Need to Know
Apr 2, 2024 · The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking a significant expansion in the regulation of payment services within the country.. The amendments, which are set to be implemented in phases starting from 4 April 2024, aim to encompass a broader range of payment services under MAS oversight and introduce new ...
Top 10 Banking Trends in 2024 that Will Define the Sector
Jan 17, 2024 · In this rapidly changing environment, adaptability is crucial for success. Banks that can agilely respond to the top banking trends and discern the noise will probably emerge as leaders, defining the future of banking in an era increasingly …
Top Funded Fintechs in Singapore 2024 - Fintech Singapore
Jun 11, 2024 · Coda Payments – US$715 million. With a total of US$715 million venture capital (VC) funding raised, Coda Payments is the top funded fintech startup in Singapore. In its latest funding round in April 2022, Coda Payments raised US$690 million in a growth equity VC round, with participation from investors such as Singapore’s sovereign wealth fund GIC, VC firm Insight Partners, and New York ...
E-Wallets Rise as Leading Payment Method in Southeast Asia
Oct 22, 2024 · In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a …