Financial Services
MAS, IFC, WEF ink MOU on digital financial inclusion
They will create guidelines for digital financial inclusion financing instruments.
UNDP, MAS and partners launch financing initiative for MSMEs
The initiative proposes a framework assessing MSMEs' financing worthiness.
Singapore vows to implement Crypto Asset Reporting Framework
It mulls to transpose CARF into domestic law by 2027.
MAS to roll out 2024 Year of the Dragon Chinese Almanac coins
The coins will have 10 variations.
Reliance on finance influencers growing amongst Singaporeans: report
Proof of this is the 334% jump in social media mention of terms such as "savings."
Retirement planning takes a backseat amongst Singaporeans: OCBC
Only 2 in 10 Singaporeans are on track with their retirement plans.
BNPL code compliance becomes mandatory
An oversight committee will supervise and monitor code compliance.
More Singaporeans are prioritising debt management: OCBC survey
Six in 10 are paying off their housing loans on target.
Tokyo seeks “friendliest city” title for local, foreign startups
It looks to increase its number of unicorns and startups tenfold over the next 5 years.
4 SG-based fintech companies to expand in Australia via Project Lorikeet
The companies are expected to invest $22.7m in Australia in the next 3 years.
Singapore’s Carolyn Choo and Tracy Ma land on Forbes Asia’s ‘Powerful Businesswomen’ list
The list features 20 successful female leaders across the Asia-Pacific region.
Closure of CPF accounts of foreigners will 'not pose liquidity issues' -- MOM
Approximately 300,000 non-residents will cease participation in the CPF schemes.
MAS to test accepting QR codes from different payment schemes through single FI
A single financial institution will help unlock local and global payment.
MAS partners with Japan, UK, and Switzerland for digital innovation
The MAS Project Guardian will carry out industry pilots for digital asset management.
Clifford Capital appoints UOB banker as group CFO
Herman Wijaya joins from UOB, where he was head of financial strategy.
Central bank's cyber security panel propose ways to fight AI risks and malware scams
Mobile banking and payments should have strengthened multi-factor authentication (MFA).
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