SingaporeRSS

Singtel rolls out first virtual Visa card in Singapore with Wirecard

Singapore-listed stocks can now be traded in London

The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between  technology group Wirecard and Singtel, reports Banking Technology‘s sister publication Paybefore. Singtel Dash, a mobile payments platform that enables users to shop, pay transport fares and remit money, is currently Singapore’s most widely […]

Monetary Authority of Singapore plans payments council

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) says it will establish a Payments Council with the plan to create an “e-payment society” for the city state. The new council will comprise 20 people from banks, payment service providers, businesses, and trade associations. Members are appointed for a two-year term. MAS says the setting up of the […]

Visa expands with data centres in Singapore and UK

Visa

Visa is expanding its transaction-processing capabilities with two data centres in Singapore and the UK, reports Paybefore, Banking Technology‘s sister publication. The new global processing hubs will “increase the speed, resilience and geo-diversity of Visa’s infrastructure, while strengthening the company’s ability to deliver new and more sophisticated ways to pay in today’s hyper-connected global economy,” […]

OCBC Bank fights money laundering with AI double act

OCBC

Singapore’s OCBC Bank has piloted two fintech solutions from a pair of start-ups as it looks to combat money laundering and terrorism financing via artificial intelligence (AI). The two firms involved – BlackSwan Technologies and Silent Eight – were part of OCBC’s second fintech accelerator programme, Open Vault, which was launched last year. Both companies […]

Thailand ties the fintech knot with Singapore

Monetary Authority of Singapore

The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) have signed a fintech co-operation agreement and updated an existing memorandum of understanding (MoU) on banking supervision. The agreement aims to help develop a “richer financial ecosystem” in Thailand and Singapore as well as in ASEAN. The pair will share information on emerging […]

Singapore regulator urges law change for sound financial system

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) is calling for a second reading of a Bill that it says will ensure a sound and resilient financial system for the city-state. MAS is pushing for “The Monetary Authority of Singapore (Amendment) Bill 2017″ because it says it needs to update its laws and regulations that deal with […]

Association of Banks of Singapore launches PayNow mobile payments service

Singapore-listed stocks can now be traded in London

The Association of Banks of Singapore (ABS) has unveiled a new funds transfer service – PayNow – that requires only a mobile and identity card numbers to enrol.

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 […]

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