Singapore

ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, on Wednesday unveiled its latest initiative to drive further industry collaboration as part of its mission to enable effortless and inclusive financing for small and medium-sized enterprises (SMEs).

HashKey Capital Singapore Pte. Ltd., together with its affiliates, announced Friday that it has received its in-principle approval for the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) as a licensed fund management company (LFMC).

BigPay, a Malaysia-based FinTech firm, has partnered Singapore-based crypto payment firm TripleA, to launch its crypto top-up feature. BigPay users can seamlessly convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through the typically tedious verification process.

The Monetary Authority of Singapore (MAS) on Thursday launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC).

The Monetary Authority of Singapore (MAS) announced Tuesday that the first industry pilot under MAS’ Project Guardian that explores potential decentralised finance (DeFi) applications in wholesale funding markets has completed its first live trades.

Google Cloud has on Thursday launched a Climate Finance Accelerator with Monetary Authority of Singapore (MAS) and KPMG Singapore to provide climate fintech firms and startups with mentorship and funding opportunities to scale market-ready solutions.

The MOU seeks to formalize each national FinTech association’s involvement in the formation of the ASEAN FinTech Movement, with the goal of raising the region’s profile as a FinTech powerhouse, as well as providing a common networking platform for the region’s FinTech players to tap onto.

Singapore-based insurtech Igloo, in partnership with PVI Insurance, Vietnam Meteorological and Hydrological Administration (VNMHA) and international reinsurer SCOR, on Tuesday announced the launch of the country’s first weather index insurance - a blockchain-based parametric index insurance product that automates insurance claims of rice farmers.

Singaporean bank DBS has become one of the first banks globally to test the trading of foreign exchange (FX) and government securities using permissioned DeFi liquidity pools on public blockchain through Project Guardian.

Wise, the United Kingdom-based payment firm, announced Wednesday that it has received a capital markets services licence from the Monetary Authority of Singapore (MAS), which will enable the firm to bring its new investment product, Assets, to Singapore in the coming quarters.