government

Jun
30

Asian fintech hubs are pushing full steam ahead

Rising fintech hubs across APAC, including Hong Kong and Singapore, have been garnering attention with their efforts to promote the industry and encourage innovation within financial services (FS) more broadly. This week, these growing hubs demonstrated their continued efforts to establish themselves as innovation leaders. Hong Kong launched a fintech association. The FinTech Association of […]

By Reposted by International FinTech | Blockchain . FinTech
DETAIL
Jun
30

Singapore and Denmark sign fintech pact

The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) yesterday signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets. The agreement will enable both regulators to refer FinTech companies to their counterparts. MAS and the Danish FSA have […]

By Reposted by International FinTech | FinTech
DETAIL
Jun
12

How Thailand could become Southeast Asia’s next Fintech Hub

Increased adoption of blockchain technologies, Big Data and artificial intelligence would enable Thai fintechs to enhance the products and services available to existing customers but also to serve the country’s under- and unbanked consumers as well. Omise, a payment management platform founded by Jun Hasegawa and Ezra Don Harinsut, is Thai fintech’s greatest success story […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
DETAIL
Jun
12

HK, Singapore rivalry hobbling Asia in $100b Fintech race

Asia’s competitiveness in fintech is being undermined by the rivalry among the region’s financial centers that has created regulatory complexity and uncertainty, a financial lobby group has warned. Governments across Asia—most notably Hong Kong and Singapore—have launched a raft of initiatives to grab a slice of the $100 billion invested in financial technology globally but […]

By Reposted by International FinTech | FinTech . Investing . Lending . Peer-to-Peer
DETAIL
May
26

Monetary Authority of Singapore teams up with World Bank’s IFC to encourage Asian fintech innovation

The International Finance Corporation (IFC), a World Bank Group member, has signed a memorandum of understanding this week with the Monetary Authority of Singapore (MAS) in order to encourage fintech innovation in Asia via the establishment of an Asean Financial Innovation Network (Afin). The new Afin body, overseen by IFC and MAS, will set up […]

By Reposted by International FinTech | FinTech
DETAIL
May
18

Singapore fintech firm launches ‘first digital platform’ for trade finance assets

An MAS-backed fintech firm, CCRManager Pte Ltd, on Tuesday launched what it says is the first digital platform for the distribution of international trade financing, transactions now handled mainly by phone and email. CCRManager Pte Ltd, which received a grant from the Monetary Authority of Singapore’s Financial Sector Development Fund, is supported by 16 financial […]

By Reposted by International FinTech | FinTech . Payments
DETAIL
May
10

FSDC urges Hong Kong government to set up fintech office, focus on blockchain

The Hong Kong government should set up a financial technology (fintech) office to better coordinate the city’s efforts in becoming a hub for developments such as blockchain and insurance technology, according to an advisory body. The Financial Services Development Council (FSDC) on Tuesday released a research report suggesting that Hong Kong narrow its focus to […]

By Reposted by International FinTech | Blockchain . FinTech
DETAIL
Apr
12

British fintech sector has shrugged off Brexit dip, says regulator

Britain’s financial technology sector has recovered from an initial dip after Britain’s vote to leave the European Union, a senior UK regulator said on Monday. Fintech companies have revolutionised the financial sector with the likes of mobile payments services and were quickly targeted by centres such as Berlin and Luxembourg after last June’s Brexit vote, […]

By Reposted by International FinTech | FinTech . Payments
DETAIL
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