Singapore

Market Infrastructure

MAS to Establish Singapore as a Leading Centre for Green Finance

By Manesh Samtani | 11/11/2019

Our goal is to be a leading centre for green finance in Asia and globally, said Singapore Minister for Education Ong Ye Kung at Singapore Fintech Festival x SWITCH 2019.

Fintech / Regtech

MAS Showcases Blockchain-based Prototype for Multi-Currency Payments

By Editors | 11/11/2019

The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.

Securities / Derivatives

MAS Approves Sandbox Launch of Blockchain Based Bond Exchange

By Editors | 07/11/2019

Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.

Fintech / Regtech

FTAHK, AFIN Agree to Collaborate to Support API Exchange

By Editors | 07/11/2019

AFIN and FTAHK will collaborate on initiatives to support the development of financial innovations on APIX, an online marketplace and sandbox for cross-border fintech services.

Capital / Liquidity

Singapore Banking Amendment Bill Introduced in Parliament

By Editors | 05/11/2019

The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.

AML / KYC

OCBC Enables Instant Bank Account Opening for Startups

By Editors | 05/11/2019

OCBC Enables Instant Bank Account Opening for Startups

Market Infrastructure

Singapore Brokers Experience DDoS-related Disruption

By Editors | 31/10/2019

MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.

AML / KYC

ACIP Workshop: Key Challenges to Deploying AML Data Analytics

By Editors | 28/10/2019

The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.

AML / KYC

Three Indonesians Charged with Terrorism Financing in Singapore

By Editors | 24/10/2019

The three individuals are said to have provided a total of about S$1,500 to individuals in Indonesia for the purpose of facilitating terrorist acts after being ‘radicalised’ last year.