Tagged: singapore

April 15, 2025 @ 10:01 pm By Omar Faridi  |  

GXS Bank announced that it has received regulatory approval to acquire Validus Capital Pte Ltd, the Singapore subsidiary of Validus Investment Holdings Pte Ltd. This is the first such acquisition of a local financial technology company “by a homegrown digital bank in Singapore.” Validus Capital… Read More

April 10, 2025 @ 10:59 am By Omar Faridi  |  

Airwallex, a payments and financial platform, reported FY2024 performance in Singapore. According to a release from global Fintech Airwallex, FY2024 revenue in Singapore more than doubled, growing 153% YoY, fueled “by strong transaction volumes and a standout Q4.” Lucy Liu, President and Co-founder, Airwallex said:… Read More

April 2, 2025 @ 8:37 am By Omar Faridi  |  

The PwC Global Crypto Regulation Report 2025 offers a comprehensive analysis of the evolving regulatory environment for digital assets across more than 50 jurisdictions. The PwC research report underscores significant policy shifts and emerging trends, reflecting a global push to balance innovation with financial stability… Read More

March 30, 2025 @ 10:20 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has launched a public consultation on a proposed regulatory framework to expand retail investors’ access to private market investment funds, the central bank said. Under the current regulations, retail investors in Singapore have limited opportunities to invest in private… Read More

March 22, 2025 @ 11:36 pm By Michael Wong  |  

Singapore-based digital asset infrastructure provider BetterX has secured S$2.3 million (approximately $1.7 million) in a pre-Series A funding round to support its expansion across Asia, the Middle East, and the United States. The funding round brought in new investors including Grand Prix Capital, Aument Capital,… Read More

March 17, 2025 @ 10:07 pm By Omar Faridi  |  

Insurtech bolttech has kicked off 2025 with a series of announcements that underscore its commitment to innovation, ensuring customer protection, and encouraging community engagement. bolttech has recently announced a collaboration with C Spire, a diversified telecommunications and technology services provider, to launch C Spire Tech… Read More

March 11, 2025 @ 10:07 pm By Omar Faridi  |  

Singapore has long cemented its role as a global financial hub, known for its stability, innovation, and strategic positioning in Asia. This, according to an update from KPMG. However, challenges such as relatively low market liquidity and intensifying regional competition have prompted a proactive response… Read More

March 6, 2025 @ 10:47 pm By Omar Faridi  |  

Fly Wing Technologies Pte Ltd, a wholly owned subsidiary of Matrixport, the “one-stop” crypto financial services platform in Asia, announced that it has been granted the Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). With this license approval, Fly Wing will… Read More

March 3, 2025 @ 10:27 am By JD Alois  |  

D24 Fintech Group Chief Technology Officer Osama Bari has outlined how crypto firms may improve security to prevent breaches on a similar scale as the ByBit hack. D24 is based in Singapore and it provides various services for financial platforms. The ByBit breach is the… Read More

March 2, 2025 @ 5:23 pm By Omar Faridi  |  

Singapore’s fintech sector “recalibrated” in 2024, with investment totaling $1.3 billion, the lowest level seen since 2020 according to a report from KPMG. This strategic pivot reflects a global trend “as fintech investment reached a seven-year low of US$95.6 billion.” Despite reduced funding levels, Singapore’s… Read More

February 26, 2025 @ 8:23 am By Omar Faridi  |  

Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available on the Solana blockchain. This expansion reportedly brings the benefits of a stablecoin that offers “fast, low-cost, 24/7 transactions and reward-sharing for network… Read More

February 21, 2025 @ 12:02 pm By JD Alois  |  

Crypto exchange Bybit has apparently been hacked. Bybit, based in Singapore, reports over 60 million users worldwide and is said to be the world’s second-largest cryptocurrency exchange by trading volume. It was not immediately clear as to how much may have been stolen from the… Read More

February 18, 2025 @ 10:36 pm By Omar Faridi  |  

EBANX, a Payment Service Provider (PSP) specializing in emerging markets, today announced that EBANX Pte. Ltd. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports two types of payment services in Singapore… Read More

February 18, 2025 @ 9:19 pm By Omar Faridi  |  

Aspire, a Fintech headquartered in Singapore, announced the launch of its Visa corporate card tailored specifically for small and medium-sized businesses in Hong Kong. By providing access to financial tools, Aspire and Visa are setting the stage for a new era of “growth and efficiency… Read More

February 18, 2025 @ 9:12 pm By Omar Faridi  |  

Tribe Payments, a digital payment and infrastructure orchestrator focused on specializing in issuer and acquirer processing, joined the Singapore FinTech Association (SFA). This latest milestone that builds on Tribe’s October 2024 expansion into Asia-Pacific (APAC) region. Joining the SFA strengthens Tribe’s presence within one of… Read More

February 13, 2025 @ 10:04 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced that a new entity will be set up to consolidate the administration and governance of the city-state’s national payment schemes in a concerted effort to “position these schemes for the… Read More

February 6, 2025 @ 9:09 pm By Omar Faridi  |  

Singapore’s banking industry is facing an “unprecedented” challenge as the number of clients abandoning banks due to “slow and inefficient onboarding practices” has surged to record levels, according to research from Fenergo, a global firm focused on client lifecycle management (CLM), Know your Customer (KYC)… Read More

January 29, 2025 @ 9:33 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics software, is pleased to partner with Acclaim Insurance Brokers, one of Singapore’s risk consultants and insurance brokers. With local expertise and an international network, Acclaim says that it serves a client base of over 2,000 companies. Acclaim reportedly… Read More

January 26, 2025 @ 12:16 pm By Omar Faridi  |  

In a major development for Indian cryptocurrency exchange WazirX, the Singapore High Court has officially endorsed the platform’s restructuring plan, offering a path toward repaying user funds lost in a substantial cyberattack. This hack, which occurred in July 2024, resulted in a $235 million loss… Read More

January 24, 2025 @ 1:29 pm By Omar Faridi  |  

Pomelo Group has completed the acquisition of Singaporean FinTech payments company Arrow Checkout. The firm was established back in 2021 by leading Payments professionals from Grab and Tencent. Arrow offered eCommerce and checkout payments technology, was backed by Y Combinator, and raised funding “from Peak… Read More