In a time when the world is figuratively flat again – thanks to exchange of talent, skills and manpower globally – arises the common need to send money across borders. SingX, based in Singapore, is one such fintech attending to the need for cross-border remittance. With a team of banking and technology veterans, SingX has set its focus on easing money transfer for the consumer. Atul Garg of SingX tells Fintech Asia all about the company and industry they operate in…
Slack has announced today a Series G funding round led by Softbank Vision Fund with Accel as second largest investor – expands Slack’s existing $540M funding by an additional $250M; post money valuation now at $5.1B [April 2016: $3.8bn]
Ministers and Senior Officials from all 10 ASEAN Member States, including the ASEAN Secretary-General H.E. Le Luong Minh, convened today at the second ASEAN Ministerial Conference on Cybersecurity (AMCC), as part of the Singapore International Cyber Week 2017. The AMCC, held at the St. Regis Singapore hotel, was chaired by Singapore’s Minister for Communications and Information and Minister-in-charge of Cyber Security Dr Yaacob Ibrahim.
InstaReM, a Singapore-headquartered FinTech start-up offering convenient, fast and cost-effective cross-border money transfers to individuals and businesses, has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM plans to start its outbound money transfer services from India by November 2017 in partnership with a leading AD-I (Authorized Dealer – Category I) bank, per RBI’s governing conditions for the partnership.
The award recognises innovative and disruptive FinTech solutions implemented by FinTech startups, companies, and institutions. From a submission of 580 applications from 40 countries, the panel has chosen the Top 30 finalists, details of which can be found here. The finalists will further be evaluated on the basis of impact, practicality, interoperability, and uniqueness and creativity. The selection process will be led by PwC.
Monetary Authority of Singapore & Securities Commission Malaysia Collaborate to Foster FinTech Innovation
The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) signed a Cooperation Agreement (CA) to foster closer cooperation on FinTech and innovation in financial services between Singapore and Malaysia. MAS and SC share similar objectives of developing robust FinTech ecosystems that support the needs of the financial industry and promote innovation in their respective markets.
The Monetary Authority of Singapore (MAS) today announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival, which will take place in Singapore from 13 to 17 November 2017.