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Bambu wins strategic investment from Franklin Templeton

Socure

Singapore-based B2B robo-advisor Bambu has completed a funding round, featuring a strategic investment from Franklin Templeton Investments and venture capital funding from Wavemaker Partners, part of the Draper Venture Network.

Top fintech stories this week – 1 September 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Singapore’s Payments Council seeks road to common QR code

Monetary Authority of Singapore

The Monetary Authority of Singapore’s (MAS) new Payments Council plans to set up interoperable electronic payments and has unveiled a taskforce to develop a common QR code for the city-state. As reported earlier this month, the Council launched and comprises 20 people from banks, payment service providers, businesses, and trade associations. MAS says the setting […]

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.

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