Revolut was allowed to remain on a temporary register after a March deadline for approvals until its application was fully processed.
October 1, 2022Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
September 7, 2022The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
July 27, 2022Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.
May 10, 2022MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.
April 4, 2022The paper features case studies of Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.
March 17, 2021Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.
December 17, 2020Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.
July 18, 2019The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019