Posts Tagged ‘Singapore’

Plug and Play Singapore Announces First Batch of Startups Selected For Its Fintech and Insurtech Program

After screening over 200 applicants, the final selection of 24 startups has been accepted into Fintech and Insurtech Singapore, which aims to facilitate pilots, POCs, and business development opportunities between the financial and insurance institutions and startups participating. Throughout the duration of the 12-week program, startups will be introduced to Plug and Play’s corporate partners and […]

Singapore FinTech Festival 2018

The Singapore FinTech Festival returns Nov. 12-16 with over 30,000 attendees, 109 countries and over 5,000 companies. The festival is organized by Monetary Authority of Singapore. Key themes for the festival include: blockchain and DLT, future of banking, InsurTech and financial inclusion. Read more

Huobi Teams Up with NTUC to Launch Blockchain Courses in Singapore

Huobi Group, a global digital assets and services provider, said on Friday it has teamed up with Singapore-based National Trading Union Congress Learning Hub to introduce a series of new courses on blockchain for cryptocurrency enthusiasts and fintech professionals in the region. The courses will cover fundamental aspects of Bitcoin and distributed ledger technology, with […]

Report: Temasek Bails on Traditional Finance to Focus on Fintech

According to a report in the Straits Times, Temasek Holdings, an investment fund owned by the government of Singapore, has sold of its holdings in big investment banks like Goldman Sachs and Morgan Stanley to focus more on Fintech. Singapore has recognized Fintech as strategically important to its economy and has thus focused considerable resources on encouraging […]

Singapore VC Firm Launches Dedicated $10 Million Cryptocurrency Fund

Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital. The fund will see a ‘laser-like focus’ on the cryptocurrency and blockchain space by investing in early-stage startups including cryptocurrency exchanges. Beyond cryptocurrency exchanges, the fund will also target startups […]

Singapore fintech startup Rate raises US$15M to develop its blockchain network

Singapore fintech startup Rate has raised US$15 million (25,000 ether) in a token sale through its blockchain project Rate3. Rate3 is a blockchain network that aims to help companies tokenise their assets. VCs such as Matrix Partners China and Bo Shen, founder of Fenbushi Capital, as well as crypto investors Node Capital, Kenetic, FBG Capital, Signum […]

Singapore Launches Blockchain Centre to Help Small and Medium-Sized Firms

A Singapore-based fintech startup PLMP Fintech has launched a massive blockchain centre to help small and medium-sized businesses in a number of industries. The new blockchain centre will be known as The Blockchain Technology Creatanium Centre (BTCC). The BTCC is hoping to provide various blockchain-based services for small and medium-sized businesses wanting to get started using the […]

A snapshot of Singapore’s fintech scene

Singapore is often hailed as the hub for fintech in Southeast Asia. Tech in Asia offers a snapshot of its fast-growing financial tech scene. View the infographics

Singapore’s fintech ambitions bump up against immigration curbs

Technology startups in many countries are fighting to attract skilled workers like software engineers. Yet in the tiny city-state of Singapore, with a population of 5.6 million, the dearth of talent is particularly acute. As a small, open economy Singapore relies on foreign talent to help meet its skills needs. Yet a gradual tightening of immigration […]

Explaining KYC, and why fintech startups need to know about it

Just a few years ago, businesses could have set up shop easily in Singapore. Now they need to undergo due diligence checks, such as declaring funding sources. There have been stricter regulations, which led to the increased importance of know-your-customer (KYC) processes for businesses. KYC is a process that allows businesses to identify who their […]