This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This initiative builds on OCBC’s participation in Project Orchid , a Monetary Authority of Singapore initiative to develop infrastructure for a digital Singapore dollar.
1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). Receiving this license from the Monetary Authority of Singapore marks a significant milestone for XTransfer as we expand our services throughout Southeast Asia.
Reap , a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore. Obtaining the IPA marks a significant milestone for Reap.
Skyee) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
When used strategically, podcasts can amplify your message, create lasting connections, and highlight authority in a way that builds trust with your audience. This doesnt just build visibility – it builds authority. A polished production enhances your brands credibility and authority.
The scheme, which aims to alleviate financial distress and prevent problem debt during the cost-of-living crisis, receives funding from the Greater London Authority s Tackling Poverty Challenge. The post SuperFi Launches Bill-Payment Cashback Initiative with Support from Greater London Authority appeared first on The Fintech Times.
Singapore authorities are warning businesses of a rise in scam video calls which use deepfake AI to impersonate business bosses with the aim of duping employees into transferring funds to criminal accounts.
Singapore authorities and banks are ramping up efforts to tackle a growing scam where fraudsters steal card details through phishing and trick victims into providing an OTP. This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions.
Watch this webinar with Laura Klein, product manager and author of Build Better Products, to learn how to spot the unconscious assumptions which you’re basing decisions on and guidelines for validating (or invalidating) your ideas. Assumptions mapping is the process of identifying and testing your riskiest ideas.
The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) announced that two new electronic payment solutions will be launched in mid-2025.
Project Mandala was carried out in collaboration with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia, and the Monetary Authority of Singapore.
Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account. Over 4 million authorization attempts flooded their system, with neither the merchant nor the gateway having tools in place to stop it. Their goal? But heres the good news: You can take control.
Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license, issued on 1 January 2025, allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, flexible top-up options, and e-money issuance in Singapore.
Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.
Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry. Thank you to the entire Singapore Fintech Association team and the Monetary Authority of Singapore for the fantastic event and work you do!
Alvin Tan Despite the disruption, Tan, who is also a board member of the Monetary Authority of Singapore (MAS), said regulatory safeguards functioned as intended. Although these limitations were stated in the platforms terms and conditions, Tan noted that customers might not have fully grasped the implications or associated risks.
We spell out who is involved, authorization, clearing, and the general workflow at each stage! Details of the payment process for merchants in the blog.
As the lead author for a series of climate-related risk reports for The Institute and Faculty of Actuaries, he reflects on the reception of the papers and the challenges and optimisms ahead. Dashboard mentioned: [link]
This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Routing : The payment processor routes the transaction request to the appropriate issuing bank for authorization.
Authorities have warned that some firms exploit the P2P model to mislead the publicoffering inflated profit promises or advertising easy credit with misleadingly low rates, only to impose excessive hidden fees. Vietnam currently has around 100 P2P lending firms, many backed by foreign investors.
The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) have announced plans to establish a new entity to oversee Singapores national payment schemes.
Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore.
XTransfer also received in-principle approval from the Monetary Authority of Singapore in July for a Major Payment Institution License. Facilitated by Deutsche Bank, the initiative allows Thai buyers to make local payments through PromptPay, which are seamlessly converted for exporters.
Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by Swedens Financial Supervisory Authority for violating anti-money laundering rules. The regulator in a Dec.
These changes come after OKX secured a Major Payment Institution license from the Monetary Authority of Singapore in September. This enables customers to complete onboarding in approximately one minute, reducing registration time by up to 90%.
The new collaboration will see projects under ADGM s Registration Authority leverage Chainlinks technical expertise, industry insights, and a suite of advanced services to maximise the utility of tokenised assets while ensuring regulatory compliance. .
Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.
Additional features also available to improve the buyer onboarding experience include: Eligibility Check to proactively alert applicants if they are ineligible to participate before completing the full application, reducing risk of a negative experience with the seller; Authorized Signer to forward a secure application from the buyer to an authorized (..)
The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand. A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system.
With BlueSnap and Zuora, customers can improve authorization rates , simplify reconciliation, and unify reporting, all within a native Zuora experience. For example, when a card expires or changes, businesses wont lose sales, resulting in higher authorization rates.
The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says.
Both XUSD and XSGD are fully backed stablecoins, issued in compliance with the Monetary Authority of Singapores (MAS) upcoming stablecoin regulatory framework. Standard Chartereds involvement brings institutional-grade reliability to the stablecoins.
dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom.
Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. Furthermore, this allows users to set specific conditions, such as inheritance, for authorized data access.
Authentication and Authorization With encryption, the key used to decrypt the data is how you authorize and retrieve the data. With tokenization, there may be a multitude of ways to authenticate and authorize depending on the tokenization platform. Tokens, on the other hand, do not depend on the sensitive data to be created.
The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. This ensures transparency, security, and independence from central authorities like banks or governments. Youre in the right place.
ASG2 Pte Ltd, a subsidiary of Singapore-based business finance platform Aspire , has received a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS). The license enables the company to offer regulated investment solutions to businesses in Singapore.
Mountain Protocol is regulated by the Bermuda Monetary Authority and is backed by Multicoin Capital, having recently raised US$8 million in a Series A round. Anchorage Digital secured a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to offer regulated crypto services in the region in November 2024.
DK Bank, Bhutans first fully digital bank licensed by the Royal Monetary Authority of Bhutan, manages settlement for merchants in local currency. The initiative is a collaboration between Binance Pay, DK Bank, and Bhutans Department of Tourism.
The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers. The tech giant has now taken the dispute to court, challenging the agencys authority to impose supervision.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content