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Fintech / Regtech
StanChart’s Singapore Digital Bank Reaches Key Milestone
By Editors | 16/09/2022
Trust Bank has been offering new accountholders a chance to win one of three Tesla cars, where referrals increase the chances of winning.
Crypto / Digital Assets
MAS Launches New Transformation Map for Financial Industry
By Editors | 16/09/2022
MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.
AML / KYC
MAS Identifies AML/CFT Control Lapses at VCCs
By Manesh Samtani | 14/09/2022
MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
Securities / Derivatives
Singapore Introduces Bill to Enhance Business Trust Governance
By Editors | 13/09/2022
CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.
Singapore BNPL Code On Track to Launch This Year
By Sanday Chongo Kabange | 13/09/2022
BNPL providers are exploring a mechanism to share information with one another on customers’ outstanding amounts and their delinquency status.
ESG / Sustainability
MAS, SGX Launch Digital Disclosure Portal for ESG Data
By Manesh Samtani | 12/09/2022
ESGenome will reduce the effort required of listed entities to report on sustainability, assess impact, and drive informed decision making.
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.
ESG / Sustainability
New Climate Scenarios for Central Banks, Supervisors
By ESG Investor | 08/09/2022
The NGFS has published updated climate scenarios for central banks and supervisors.
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.
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