Singapore

Fintech / Regtech

Singapore-India Real-time Payments Launch Delayed to December

By Editors | 12/09/2022

At least five Indian banks are reportedly in talks with Singapore’s DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.

Crypto / Digital Assets

DBS to Expand Crypto Offerings to More Clients – Report

By Editors | 11/09/2022

CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.

AML / KYC

Singapore Police Opens New Anti-Scam Command Office

By Editors | 07/09/2022

The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.

Fintech / Regtech

KPMG Launches Embedded Finance Hub in Singapore

By Editors | 06/09/2022

KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.

Enforcement

Singapore Jails Five Former Remisiers for False Trading

By Editors | 06/09/2022

The five were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

Enforcement

Singapore: StanChart RM Charged for Unauthorised Access to Customer Data

By Editors | 06/09/2022

The relationship manager used the computers of other bank staff to access the personal information and transactional history of another StanChart employee.

Market Infrastructure

Singapore Cybersecurity Agency Warns of Increasing Cybercrime

By Darien Choong | 04/09/2022

Disparate cyber norms, ecosystems and standards could emerge across the globe due to decreasing reliance on Western technology as a result of geopolitical tensions.

AML / KYC

MAS Fines UOBKH for Business Conduct, AML Failures

By Editors | 31/08/2022

UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.

ESG / Sustainability

More Sustainability Roles Emerging in Finance, Accountancy Sectors

By Editors | 31/08/2022

A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.