SINGAPORE

Fintech / Regtech

MAS-Backed Consortium Develops GenAI Risk Framework

By Editors | 16/11/2023

The risk framework will enable FIs to use GenAI in a responsible manner, including by leveraging illustrative use cases to better understand its impacts.

ESG / Sustainability

MAS, Temasek Trust Partner to Drive Fintech and Impact Investment

By Editors | 16/11/2023

MAS and Temasek Trust will explore the creation of a technology framework to facilitate collaborations between open technology-based platforms.

Crypto / Digital Assets

MAS Allows Three Firms to Issue Stablecoins

By Nithya Subramanian | 16/11/2023

The central bank is piloting the live issuance of wholesale CBDCs to instantaneously settle payments across commercial banks.

ESG / Sustainability

Experts Believe ESG Must Revert to Economic Model

By Ranamita Chakraborty | 16/11/2023

The ESG landscape needs orchestration and alignment with economic initiatives, discussed panellists at the Singapore FinTech Festival.

Crypto / Digital Assets

MAS Launches New Tokenisation Initiatives Under Project Guardian

By Editors | 16/11/2023

Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.

Fintech / Regtech

Cash, Digital Wallets and Financial Services for “The Next Billion”

By Jill Wong | 15/11/2023

Sophistication is key but basic solutions are also needed before “the next billion” of digital banking customers can enter the gates.

Fintech / Regtech

UBS, SBI, DBS Use Digital Bond in Cross-border Repo Trade

By Manesh Samtani | 15/11/2023

The transaction involved a repo to borrow tokenised JPY against a natively-issued JPY digital bond. The tokenised JPY was used to finance the repurchase of the same bond.

Fintech / Regtech

IMF Says CBDCs Can Replace Cash; Unveils Handbook

By Nithya Subramanian | 15/11/2023

IMF’s Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.

Fintech / Regtech

Singapore to Leverage AI for Sustainability-linked Loan Issuance

By Manesh Samtani | 15/11/2023

Singapore’s Project NovA! consortium has developed MVP that uses AI to address the challenges of issuing sustainability-linked loans in the real estate sector.