Singapore

Fintech / Regtech

DBS Launches Overseas QR Payments for Singapore Users

By Editors | 24/06/2022

Users of the DBS mobile payment and wallet service known as PayLah! can scan UnionPay QR codes to pay in 45 countries.

Fintech / Regtech

Mojaloop Launches CBDC Center of Excellence in Singapore

By Editors | 24/06/2022

MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.

Crypto / Digital Assets

MAS Grants Three More In-Principle Approvals to Crypto Firms

By Manesh Samtani | 22/06/2022

Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.

ESG / Sustainability

ACRA, SGX to Develop Sustainability Reporting Roadmap

By Editors | 22/06/2022

New advisory committee to develop roadmap for wider implementation of sustainability reporting in Singapore, beyond SGX-listed companies.

ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

By Sanday Chongo Kabange | 22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

Singapore Proposes Regulatory Regime for Debt Collectors

By Editors | 21/06/2022

The proposed legislation is aimed at addressing a rise in police reports against debt collectors who “caused alarm and nuisance”, the MHA said.

Market Infrastructure

LCH Extends Central Clearing for SORA Derivatives to 31 Years

By Editors | 21/06/2022

The extension will encourage further development of the SORA derivatives market and deepen liquidity in longer tenors of SORA OIS.

Market Infrastructure

MAS Carries Out Cyber Resilience Exercise with French Regulators

By Editors | 19/06/2022

The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.

AML / KYC

Singapore Trade Finance Registry to Go Live in Q4

By Editors | 16/06/2022

The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.