Singapore

Fintech / Regtech

PITCH! REGTECH: Rising Digital Crimes Give Urgency to Fraud Detection 

By Karen Ng | 25/05/2023

The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank’s head of legal & compliance Lam Chee Kin.

Crypto / Digital Assets

OCBC Partners ADDX to Launch Tokenised Structured Note

By Karen Ng | 24/05/2023

By tokenising the three-month fixed coupon note and distributing it on ADDX’s platform, OCBC will have access to ADDX’s global accredited investor base.

Market Infrastructure

SGX to Launch First Depository Receipts on 30 May

By Sanday Chongo Kabange | 24/05/2023

The inaugural depository receipts will be issued by Phillip Securities and represent ownership in Thailand’s AOT and PTT Exploration & Production.

AML / KYC

SG Police Warns of Scams From Scanning QR Codes

By Karen Ng | 24/05/2023

The increasing usage of QR codes for cashless payments have led to a spike in phishing scams in Singapore.

AML / KYC

MAS Bars Insurance Agent for 8 Years After Corruption Conviction

By Editors | 24/05/2023

The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.

Fintech / Regtech

MAS Launches AI & Data Analytics Talent Development Programme

By Editors | 23/05/2023

MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.

Market Infrastructure

Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets

By Editors | 23/05/2023

A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.

Crypto / Digital Assets

NY Fed, MAS Publish Results from Cross-Border Payments Study

By Editors | 19/05/2023

Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.