Tag: Monetary Authority of Singapore
Singaporean Blockchain & Digital asset companies raise almost half of FinTech...
Key Singaporean FinTech seed investment stats in 2023:
• Singaporean FinTech seed funding totalled at $191m in 2023, a 49% drop from 2022
• Singaporean FinTech...
Singaporean FinTech deal activity sees 42% drop in 2023
Key Singaporean FinTech investment stats in 2023:
• Singaporean FinTech deal activity totalled at 135 transactions in 2023, a 42% reduction from 2022
• Singaporean FinTech...
Four of the top ten Swiss FinTech deals were Digital Asset...
Key Swiss FinTech investment stats in 2023:
• Swiss FinTech companies raised a combined $451m in 2023, a 62% drop YoY
• Swiss FinTech deal activity...
Singapore’s MAS introduces stricter regulations for digital payment token services
The Monetary Authority of Singapore (MAS) has recently unveiled its comprehensive responses to the feedback on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. These regulations are crucial in shaping the future of digital currencies in the country.
DuitNow and PayNow partner to revolutionise cross-border payments
Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS), the central banks of Malaysia and Singapore respectively, have joined forces to enhance...
Singapore’s Chintai elevates capital markets with B1-led funding
Chintai, a Singapore-based software as a service (SaaS) company, made waves today with the announcement of a significant financing round led by the tech-focused investment firm B1.
MAS promotes AI in finance as FinTech investment in Singapore continues...
Key Singaporen FinTech investment stats in Q3 2023
• Singapore’s FinTech deal activity reached 25 transactions in Q3 2023, a 59% drop YoY
• FinTech capital...
Singapore’s single family offices to face strengthened AML controls
The MAS has initiated a consultation on a framework to bolster the surveillance and defence against ML risks in Singapore's SFO sector.
UK and Singapore boost collaboration in sustainable finance and FinTech initiatives
At the recent 8th UK-Singapore Financial Dialogue held in London, the United Kingdom and Singapore underscored their commitment towards enhancing collaborative efforts.
Singapore’s MAS launches Veritas Toolkit 2.0 for responsible AI in FinTech
Singapore's MAS presented a cutting-edge, open-source tool for encouraging the ethical utilisation of AI within the financial sector.