Singapore

Fintech / Regtech

Singapore BNPL Code Enter Next Phase of Implementation

By Editors | 09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.

Market Infrastructure

US Adds Vietnam to FX Monitoring List, Removes Korea

By Editors | 09/11/2023

US Treasury is monitoring the currency practices and macroeconomic policies of six trading partners, including China, Malaysia, Singapore, and Taiwan.

Fintech / Regtech

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Big Picture

Singapore Introduces Financial Penalties Under New Copyright Scheme

By Ranamita Chakraborty | 08/11/2023

The Intellectual Property Office of Singapore can take regulatory actions against CMOs for breaching license conditions, including imposing financial penalties.

Crypto / Digital Assets

Investor Protection is Key to Singapore, Hong Kong Crypto Regulations

By Nithya Subramanian | 08/11/2023

As Singapore and Hong Kong regulators navigate the fast-changing digital assets landscape, investor protection takes centerstage.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

Enforcement

Seven FIUs Pledge to Collaborate Against Illegal Wildlife Trade

By Mark Johnston | 07/11/2023

The FIUs pledge to prevent, detect and disrupt financial activity linked to illegal wildlife trade.

Market Infrastructure

Singapore to Introduce New Investment Regime for Critical Entities

By Manesh Samtani | 06/11/2023

The new investment management regime will cover entities that are critical to Singapore’s national security interests but are not yet adequately covered under existing legislation.