Singapore

Fintech / Regtech

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Fintech / Regtech

IMDA Conducts Paperless Cross-border Trade Using ETR

By Sanday Chongo Kabange | 04/04/2023

A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.

Market Infrastructure

Singapore, Malaysia Launch Cross-border QR Payments Link

By Editors | 31/03/2023

The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.

Fintech / Regtech

MAS Says Latest Outage at DBS is “Unacceptable”

By Editors | 30/03/2023

Singapore customers of DBS were unable to access online banking services or make trades via its brokerage for around ten hours on Wednesday.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

AML / KYC

Singapore: New Bill Introduced to Facilitate Introduction of COSMIC

By Manesh Samtani | 21/03/2023

The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.

Securities / Derivatives

MAS Publishes Findings from Inspections of VC Fund Managers

By Manesh Samtani | 16/03/2023

Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.

Market Infrastructure

Singapore Consults on Adjustment Spreads for Legacy SIBOR Contracts

By Editors | 15/03/2023

Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.

Crypto / Digital Assets

Coinbase Partners With StanChart to Enable SGD Fund Transfers

By Editors | 15/03/2023

Customers in Singapore can transfer funds to and from their Coinbase account using any local bank in Singapore for free.