UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Project Guardian aims to share knowledge about the benefits and risks of asset and fund tokenisation.
The banks were unable to recover their systems within the allotted time following a service outage in Singapore.
The news follows a year after the crypto heavyweight received its In Principle Approval (IPA) from MAS.
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
Issuers in Singapore will have to fulfil requirements to be recognised and labelled as “MAS-regulated stablecoins”.
The funding comes as part of a renewal of the Financial Sector Technology and Innovation Scheme (FSTI 3.0).
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Welcome to “the Valley of the Valuable POCs”, says MAS chief fintech officer
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
The regulator has issued four licences, rather than five.
The blockchain network is jointly developed with JP Morgan and investment firm Temasek.
Up to 12 winners will be selected to receive in prize money.
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
US bank goes live with fourth centre with help from MAS.
Roughly 50 companies are involved in the bidding.
Singaporean regulator’s experts call out bank culture.
Applying AI needs to be done when data is set right, says panel
The platform will grow business through OJK’s innovation hub.
Monetary Authority of Singapore makes some changes and gets truly focused.
Websites falsely claim that Singapore is adopting a cryptocurrency as its official coin.
Monetary Authority of Singapore finalises its Payment Services Bill.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Central banks and regulator reveal heightened interest and assesses alternative models.
Monetary Authority of Singapore quickly thinks up pre-defined sandbox concept.
They have developed delivery versus payment capabilities for the settlement of tokenised assets.
Wants a “stronger platform for growth finance and infrastructure development”.
Regulator wants fairness, ethics, accountability and transparency.
SGQR will be adopted by 27 payment schemes.
Developing delivery versus payment (DvP) capabilities.
Risk management and controls were “unsatisfactory”.
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
It’s that time again where alliances are formed and friendships are made in our latest co-operative filled round-up. Featuring the Monetary Authority of Singapore, Abu Dhabi Global Market, Dubai Financial Services Authority, Australian Securities and Investments Commission, and Iran and Malaysia planning to establish banking ties.