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Fintech / Regtech
MAS, IMDA Propose Measures to Make SGQR More Interoperable
By Manesh Samtani | 28/09/2022
Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
Crypto / Digital Assets
SBI Obtains Singapore Licence to Offer Digital Asset Services
By Editors | 22/09/2022
SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.
Securities / Derivatives
SGX Launches New FX Trading Venue for OTC Trades
By Editors | 21/09/2022
CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.
Securities / Derivatives
MAS Adds $1bn to Private Markets Programme
By Editors | 21/09/2022
The programme was launched in 2018 with $5bn to allocate to PE and infrastructure fund managers. The additional $1bn will go to global credit fund managers.
Fintech / Regtech
MAS, IFSCA Sign FinTech Cooperation Agreement
By Editors | 20/09/2022
MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.
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.
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