Singapore

Fintech / Regtech

MAS Considers the Value of Allowing Virtual Banks in Singapore

By Editors | 08/05/2019

The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore’s banking landscape.

Securities / Derivatives

SGX Central Depository Moves to Digital Account Opening

By Editors | 07/05/2019

CDP account opening can now be done online without paper documents, allowing for greater convenience, security and “a better experience” for retail investors.

Fintech / Regtech

SGX Migrates Blockchain Projects to New AWS Service

By Editors | 03/05/2019

The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.

Fintech / Regtech

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

By Editors | 02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

Securities / Derivatives

MAS Consults on Proposed Framework for Variable Capital Companies

By Editors | 02/05/2019

The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

By Editors | 30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Market Infrastructure

SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN

By Editors | 29/04/2019

Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

By Editors | 26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

By Editors | 26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.