Singapore

Fintech / Regtech

APAC Central Banks Explore Common Protocol for Regulatory Policy

By Manesh Samtani | 05/10/2023

Project Mandala will be run by BIS Innovation Hub Singapore Centre, along with the RBA, BOK, BNM and MAS, with collaboration from FIs.

Crypto / Digital Assets

UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore

By Editors | 04/10/2023

The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

AML / KYC

MAS Sheds Light on Use of AI in Supervisory Activities

By Sanday Chongo Kabange | 04/10/2023

MAS is using AI tools to identify market collusion, manipulation, mis-selling by financial advisers, and networks of suspicious activity in Singapore’s financial system.

Big Picture

Generative AI’s Growing Impact on Capital Markets

By Ranamita Chakraborty | 04/10/2023

Panellists at the ASIFMA Tech & Ops Conference discussed the key applications of generative AI in capital markets and strategies for addressing risks.

Fintech / Regtech

Singapore’s AI-Adoption Rate Highest Globally – FIS report

By Jill Wong | 04/10/2023

The FIS survey of over 2,000 business leaders worldwide found 92% of firms expect to adopt AI in the next 12 months.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Ripple

By Editors | 04/10/2023

Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.

AML / KYC

Singapore Unveils Planned Measures to Strengthen AML Regime

By Manesh Samtani | 04/10/2023

The government will set up an inter-ministerial committee to review the AML regime and consider tightening rules for luxury goods, family offices and immigration.

Fintech / Regtech

Operational Resilience, Skills Key to Banks’ Technological Sophistication – MAS

By Jill Wong | 03/10/2023

The MAS’s Vincent Loy highlights the operational challenges facing banks as they seek to build technology skills and sophistication.

Enforcement

Three Arrows Capital Co-Founder Jailed in Singapore

By Mark Johnston | 03/10/2023

The co-founder was jailed for not cooperating with the liquidator’s effort to recover funds to return to the creditors of the collapsed hedge fund.