Singapore

Fintech / Regtech

MAS Grants New Payment Services Licences to FOMO Pay

By Manesh Samtani | 01/09/2021

MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.

Fintech / Regtech

ABS Offers Standardised Approach to Bank Data Sharing

By Manesh Samtani | 30/08/2021

A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.

Fintech / Regtech

MAS Announces Finalists for Global CBDC Challenge

By Editors | 30/08/2021

The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.

Securities / Derivatives

SGX RegCo Proposes to Phase in Mandatory Climate Reporting

By Manesh Samtani | 26/08/2021

SGX also proposes an assurance requirement for sustainability reports and the introduction of a new ESG data portal for issuers and investors.

Enforcement

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

By Editors | 25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.

ESG / Sustainability

Singapore, US Agree to Cooperate on Cyber, Climate Risk

By Editors | 24/08/2021

The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.

ESG / Sustainability

Singapore Should Lead on Green Fintech Regulation Ahead of COP26

By Benjamin Soh | 23/08/2021

Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.

Securities / Derivatives

SGX Mulls Lower Market Cap Requirement for SPAC Listings

By Editors | 19/08/2021

SGX is reportedly considering reducing the proposed minimum market cap requirement from S$300mn proposed in its consultation to S$150mn.

AML / KYC

Singapore Court Jails Key Members of SkillsFuture Scam

By Ranamita Chakraborty | 17/08/2021

A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.