Singapore
MAS issues guidelines for AI risk management
The Monetary Authority of Singapore (MAS) has on Thursday issued a consultation paper proposing a set of Guidelines on AI Risk Management to guide financial institutions on the responsible use of artificial intelligence (AI) in the financial sector.
Mastercard and Thunes team up to bring stablecoin payouts to the mainstream
Mastercard and Thunes, the Singapore-based fintech firm, have teamed up to accelerate global money movement for banks, payment service providers and end-users by expanding stablecoin wallet payout capabilities.
Coinbase Business marks first international expansion by launching in Singapore
Coinbase Business, the United States-based crypto operating platform, is launching in Singapore - its first international market.
TransBnk partners DigiAlly to accelerate digital transaction banking, SME credit enablement across ASEAN
TransBnk Solutions Private Limited, a transaction banking technology infrastructure provider, and DigiAlly, a Singapore-based fintech firm, announced Tuesday a strategic partnership to deliver seamless, compliant, and fully digital transaction banking and credit enablement journeys for corporates, banks, non-banking financial company (NBFCs), and fintechs…
Nextvestment partners Phillip Securities to launch AI trading platform
Singapore-based investment platform Nextvestment announced Wednesday a strategic collaboration to introduce POEMSGPT, an intelligent financial-guidance copilot integrated within Phillip Securities' flagship POEMS trading platform.
How Singapore can win the AI race – and why it’s not just about technology
Keeping pace will require reimagining what Singapore has long done well: An adaptive compact between state and enterprise, updated for the AI age.
Australia’s BC Payments secures MPI license from MAS
Australia-based Banking Circle S.A. (Banking Circle) announced Wednesday that its wholly owned subsidiary BC Payments Pte. Ltd. (BC Payments Singapore) has been granted a major payment institution (MPI) license by the Monetary Authority of Singapore (MAS).
US’s Boku launches Innovation Hub in Singapore to provide cross-border payment solutions
Boku, the global network for localized payment solutions, announced Wednesday the launch of its Innovation Hub in Singapore.
Singapore’s Nium to join Visa’s stablecoin settlement pilot to support its cross-border payments
Nium, the Singapore-based fintech firm, announced Wednesday it has elected to participate in Visa’s stablecoin settlement pilot, an initiative that enables select partners to settle with Visa using stablecoins across supported blockchains.
DBS and Kinexys by J.P. Morgan to develop framework for interbank tokenized deposit transfers across multiple blockchains
Singapore-based lender DBS and Kinexys by J.P. Morgan are exploring the development of an interoperability framework to enable tokenized value transfers between both banks’ on-chain ecosystems – DBS Token Services and Kinexys Digital Payments.
