Fintech / Regtech

Singapore FinTech Association Drives FinTech Expansion to Malaysia

27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Big Picture

Fed Paper Explores How Stablecoins Differ in Crisis

27/02/2024

The paper discusses four stablecoins – USDC, USDT, BUSD, DAI – using the events of March 2023 when SVB collapsed as a case study.

Fintech / Regtech

FS-ISAC Launches New AI Security Standards for FIs

26/02/2024

FS-ISAC’s Michael Silverman said six newly published papers provide guidance on the cyber-related risks of AI and best practices for adoption.

Securities / Derivatives

SGX RegCo Proposes Restructuring Rule Changes for Distressed Firms

23/02/2024

Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.

AML / KYC

Alternative Fund Managers Face Growing AML Risks: Study

22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

ESG / Sustainability

ASEAN Taxonomy Version 2 Takes Effect Following Consultation

21/02/2024

The consultation received mainly positive feedback suggesting improvements to clarify definitions and usability.

Fintech / Regtech

MAS Issues Guidance for FIs on Quantum Cybersecurity Risks

20/02/2024

FIs are advised to conduct PoC trials with quantum security solutions to understand operational impacts and implementation challenges.

Fintech / Regtech

Singapore’s 2024 Budget Introduces Reforms to Boost Investment

20/02/2024

Singapore’s budget includes a new investment incentive scheme and other measures that will benefit the financial sector.

AML / KYC

Singapore Scam Cases Skyrocket by 46.8% in 2023: SPF

19/02/2024

Singapore Police reported a nearly 50% year-on-year increase in scam cases for 2023, though a slight reduction in losses.