FinTech

Singapore-based fintech platform iFAST Corporation Ltd. has announced the official launch of iFAST Global Hub.ai in Malaysia, a pivotal initiative in the group's three-year growth Plan to become a prominent global player in digital banking, wealth management, and pension administration solutions. As part of its strategic expansion, iFAST Global Hub.ai is…

Nium, the Singapore-based real-time global payments, and Jeonbuk Bank (JB Bank), a South Korean financial institution, have announced a partnership on global remittance service. Under the partnership, the duo will offer the global remittance service targeted at the 2.5 million non-Korean residents that live in South Korea.

PT Bank Jasa Jakarta (BJJ), owned by financial business unit Astra Financial and fintech firm WeLab since 2022, have on Monday launched Bank Saqu, a digital banking service, as a financial partner for individuals and small and medium-sized enterprises (SMEs) in Indonesia with a solopreneur spirit. The launch of Bank Saqu is in line with the vision of BJJ to…

XREX, a Taiwan-based blockchain-enabled financial institution specializing in cross-border payments in emerging markets, announced last Thursday that its Singapore entity has obtained in-principle approval for a major payments institution (MPI) license from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have on last Friday launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS…

Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.

Ant International, Grab, and StraitsX (part of Fazz) have on Thursday announced a collaboration to look into the potential for Purpose Bound Money (PBM) to be applied to cross border payments. If successful, this advancement in cross border payment capabilities will expand PBM use cases with the aim of launching in Singapore in 2024.

At the #SingaporeFinTechFestival 2023, we learn how innovations are rewriting the narrative of financial empowerment, enabling a future where everyone, regardless of their geographical or socio-economic background, will have access to essential financial tools and services.

Singapore-based digital asset platform StraitsX has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) as major oayment institutions licensed for digital payment token services, for the purpose of issuing XSGD and XUSD respectively.