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Fintech Rundown: A Rapid Review of Weekly News

Finovate

The Bank of International Settlements (BIS) and the Bank of England (BoE) collaborate on testing to see if AI can spot fraudulent activity in retail payments data. Payments Zimpler earns status as a Certified Payment Institution in Brazil.

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Türkiye’s Fintech Boom: Exploring Decacorns and Digital Payment Growth, Despite lira Depreciation

The Fintech Times

The country has witnessed organic growth in fintech and related subsectors, partly driven by the depreciation of the Turkish lira – which led to increased popularity of cryptocurrencies despite some setbacks including the closure of crypto houses such as Vebitcoin in 2021.

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This Week in Fintech: TFT Bi-Weekly News Roundup 20/02

The Fintech Times

Longo will drive strategic investments to fuel growth and help advance Chainalysis’ mission to build trust in cryptocurrency markets through data and blockchain analysis. Broadridge says its solution provides global class action coverage, maximises claims and increases investor participation in settlement recoveries.

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MAS Awards HashKey OTC License for Crypto Payments

Fintech News

HashKey Technology Services (HashKey OTC), the over-the-counter trading arm of HashKey Group, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This license enables HashKey OTC to provide digital payment token (DPT) services in Singapore.

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HashKey OTC Gets In-Principle Nod for DPT Services in Singapore

Fintech News

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services.

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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

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SBI and SIX Swiss Exchange’s AsiaNext Begins Trading in Crypto Derivatives

Fintech News

This development follows a survey by SBI DAH and AsiaNext, which found that institutional interest in digital assets has grown despite the recent downturn in the cryptocurrency market. The Singapore-based joint venture was formed between SBI Digital Asset Holdings (SBI DAH) and SIX.