Singapore

Fintech / Regtech

MAS to Launch POC to Enhance Interoperability for QR Payments

By Editors | 01/11/2023

The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.

Fintech / Regtech

Integration of AI, Fintech, ESG Gets Underway 

By Jill Wong | 31/10/2023

The financial industry is accelerating its interest around three main themes – fintech, ESG and AI.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

By Editors | 31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

AML / KYC

OCBC Stops Using SMS as Default Notification Method

By Editors | 30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

AML / KYC

MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

By Manesh Samtani | 25/10/2023

The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

Crypto / Digital Assets

Asia Braces for Wave of AI Regulations

By Blake Evans-Pritchard | 25/10/2023

The EU AI Act is likely to have far-reaching consequences for Asia, data experts tell Regulation Asia.

AML / KYC

ABS Says Anti-Scam Measures Have Been Effective

By Editors | 25/10/2023

Banks prevented more than S$57mn in scams in the first nine months of 2023, and are applying discretionary goodwill frameworks to cushion victims.

Securities / Derivatives

MAS to Streamline Regulatory Regime for Fund Managers

By Editors | 24/10/2023

The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.