Singapore

Fintech / Regtech

Ant Group Launches Digital Bank Operations in Singapore

By Manesh Samtani | 06/06/2022

ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.

Fintech / Regtech

Green Link Digital Bank Launches Operations in Singapore

By Editors | 03/06/2022

Green Link Digital Bank, owned by Greenland Group and Linklogis, will seek to address the needs of underserved MSMEs.

AML / KYC

Singapore Banks to Adopt More Scam Prevention Measures

By Darien Choong | 02/06/2022

The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.

Fintech / Regtech

SGX CDP Enables Access to DLT Bond Issuance Platform

By Editors | 02/06/2022

CDP has made available to market participants a blockchain-enabled bond issuance platform developed by Marketnode, a joint venture between SGX and Temasek.

Market Infrastructure

Singapore Launches New Utility to Tackle Supply Chain, Trade Issues

By Manesh Samtani | 02/06/2022

Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.

ESG / Sustainability

MAS Issues New Guidance on Environmental Risk Management

By Sanday Chongo Kabange | 02/06/2022

Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

By Editors | 31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

Fintech / Regtech

MAS FinTech Hackcelerator to Focus on Web3, Green Finance

By Editors | 30/05/2022

Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.

Capital / Liquidity

MAS Raises OCBC Capital Requirement for Scam Incident

By Editors | 27/05/2022

OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.