SingaporeRSS

Singapore’s diamond trading takes a shine to blockchain

Regulators not keen on blockchain and Bitcoin

Singapore Diamond Investment Exchange (SDiX) has teamed with Kynetix and Everledger to trial the “first-ever” blockchain verification and record-keeping service for diamond trading. SDiX, Kynetix, a physical commodity digitisation firm, and Everledger, a supplier of blockchain and distributed ledger (DLT) infrastructure, have completed the first part of their proof of concept. The technology is designed […]

Singapore regulator gives and takes advice on robo-advice

Monetary Authority of Singapore

The humans at the Monetary Authority of Singapore (MAS) have laid down some guidelines and want opinions on providing robo-advisory services. In a consultation paper released today (7 June), MAS says it seeks to support innovation in financial services by recognising the unique characteristics of digital platforms. MAS states that financial institutions (FIs) regulated under […]

OCBC Bank unveils “HR in your pocket” app

OCBC

OCBC has become the first bank in Singapore to launch a human resource (HR) mobile app for its employees. The app, called “HR in your pocket”, includes an artificial intelligence (AI)-powered chatbot that is integrated with the bank’s HR information system. This chatbot can provide responses that are specific to each employee. Examples of use […]

OCBC Bank unveils first standalone mobile payments app

OCBC

Singapore’s OCBC Bank has launched its first standalone mobile app for QR code cashless payments at nearly 2,500 NETS terminals. The new OCBC Pay Anyone app brings together all its Pay Anyone services – peer-to-peer e-payments, QR code payments, and integration with Siri and iMessage – into one place. Pranav Seth, OCBC Bank’s head of […]

Paper put in place by Singapore’s simpler banking plan

Singapore-listed stocks can now be traded in London

Singapore is piloting a new initiative to let people apply for a bank account without needing to submit supporting documentation. The Smart Nation and Digital Government Office, Government Technology Agency and Monetary Authority of Singapore, have begun a pilot with four banks to explore simplifying online banking transactions with the use of the government’s MyInfo […]

Bahrain looks to Singapore for fintech fortune

Bahrain

The kingdom of Bahrain is looking to Singapore’s success as it tries to boost its fintech fortunes with a new ecosystem and regulatory framework. The Bahrain Economic Development Board (BEDB), Singapore Fintech Consortium (SFC) and Dubai-based asset management firm Trucial Investment Partners have teamed up for the development plans. Khalid Al Rumaihi, BEDB’s chief executive, […]

Singapore and France boost fintech ties

France and Singapore Flags

The Monetary Authority of Singapore (MAS) has signed agreements with France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) to enhance fintech co-operation between both countries. ACPR is responsible for supervising the banking and insurance sectors in France, while AMF is an independent public authority responsible for ensuring […]

Double delight for Accenture innovation in US and Singapore

Accenture

Accenture has opened innovation centres in New York and Singapore for finance and risk, and software application development cycles respectively. The New York hub focuses on developing solutions for finance and risk data management, data engineering, analytics, artificial intelligence (AI) and reporting. It will offer consulting, development and operations services, and Accenture says it already […]

Singapore and Japan set up fintech framework

Japan

The Financial Services Agency of Japan (JFSA) and the Monetary Authority of Singapore (MAS) have established a co-operation framework for fintech links between both countries. The framework enables MAS and JFSA to refer fintech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions with the regulatory […]

IOB Singapore looks for new regtech system and vendor

Singapore-listed stocks can now be traded in London

IOB Singapore, a subsidiary of Indian Overseas Bank, is looking to modernise its regulatory reporting tech.

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techno