Posts Tagged ‘Singapore’

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 […]

New initiative to fast-track Fintech patent application-to-grant process in Singapore

The Intellectual Property Office of Singapore has launched a new Fintech Fast Track initiative which provides expedited patent application-to-grant process for Fintech inventions. Under this initiative, Fintech patents will be granted in as quickly as six months, compared to at least two years for normal applications. This will support the growth of Singapore’s Fintech sector by helping businesses bring […]

Fintech Chat App Consentium Secures $10 Million Through ICO Sale & Launches in Asia

Consentium, a Singapore-based multi-digital currency and group monetization chat application, announced this week it has secured $10 million from its private ICO sale, which was launched on 25 January. The company reported that the funding will be used to drive expansion across Asia, including priority markets: Singapore, China in Phase 1, and Japan and South […]

Singapore startup raises $30m to let you buy electricity on the blockchain

Electrify, a Singapore-based startup that aims to use a blockchain to let consumers buy electricity from energy retailers and other consumers, has raised US$30 million in under 10 days via a token sale. This makes it one of the largest token sales from a Singapore company on record, according to Tech in Asia. Electrify uses a proprietary […]

Singapore firm to launch ICO advisory centre

A Singapore start-up PLMP-Fintech is launching an ICO advisory centre in a bid to tap the growth of Singapore as a leading hub of ICO activity in the region. Singapore is the third-largest ICO market after the United States and Switzerland, but a number of local firms and small and medium-sized enterprises there are still […]

PRIMER: ICO regulation in Asia

In Asia, China, Hong Kong, Singapore, Japan and South Korea are some of the most active jurisdictions in cryptocurrency trading, prompting regulators to make changes to existing laws. Some, such as China and South Korea, have banned ICOs, while others have issued clarification statements on ICOs, warning potential investors on the possibility of fraud. Many […]

Singapore says no strong case to ban cryptocurrency trading

Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. View Source