Monetary Authority of Singapore

Tiger Brokers Singapore to Offer Singapore's First Dividend-Paying China-Focused ETF through Lion Global Investors

Friday, July 16, 2021 - 4:00am

Eng Thiam Choon, CEO of Tiger Brokers (Singapore), shared, "Tiger Brokers (Singapore) is always looking for ways to help our investors diversify their portfolio.

Key Points: 
  • Eng Thiam Choon, CEO of Tiger Brokers (Singapore), shared, "Tiger Brokers (Singapore) is always looking for ways to help our investors diversify their portfolio.
  • Kwok Keng Han, Chief Marketing Officer of Lion Global Investors, shared, "At Lion Global Investors, we believe that quality investment solutions should be accessible and cost-effective to investors.
  • About Tiger Brokers (Singapore) Pte Ltd.
    Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS).
  • Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors.

Monetary Authority of Singapore Grants Brokerage License to LiquidX, Paving Way for Further Expansion in Asia

Wednesday, June 30, 2021 - 12:30am

Ltd. (LISS), has received approval from the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country.

Key Points: 
  • Ltd. (LISS), has received approval from the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country.
  • Alex Bursak, Director and Regional Head of Insurance Asia Pacific at LiquidX, was named Director of the program.
  • LISS can now help banks, asset managers and funds, and corporates of all sizes in Singapore to access, automate, and streamline Trade Credit Insurance coverage via the LiquidX 360 platform.
  • The MAS license is a huge milestone for our business in Asia, said Jim Toffey, CEO of LiquidX.

RevoluGROUP Canada Inc. RevoluPAY And AEXON PTE LTD SINGAPORE Sign DA

Friday, June 25, 2021 - 1:00pm

signed a Definitive Agreement ("DA") on the 24th of June 2021 with AEXON SINGAPORE .

Key Points: 
  • signed a Definitive Agreement ("DA") on the 24th of June 2021 with AEXON SINGAPORE .
  • The DA sees RevoluPAY provide banking services in the European Union to the Monetary Authority of Singapore licensed AEXON PTE LTD to assist with their rapid expansion into Europe.
  • As with all such licensing, the RevoluPAY PSD2 banking license and superior KYC and AML protections sustain all financial cashflows.
  • Aexon Group was founded in 2017, having been granted a financial license under the Singapore Payment Services Act 2019 by the Monetary Authority of Singapore (MAS).

iSTOX Rebrands To ADDX, Will More Than Double Issuances This Year While Launching New Product Lines

Thursday, May 20, 2021 - 5:36am

The new investment opportunities will accompany product lines rolled out in 2020 such as hedge funds, private REITs and wholesale bonds forming a more complete range of private market offerings.

Key Points: 
  • The new investment opportunities will accompany product lines rolled out in 2020 such as hedge funds, private REITs and wholesale bonds forming a more complete range of private market offerings.
  • iSTOX was launched in 2017 with just four team members, focused on making safe and regulated Security Token Offerings or STOs a reality.
  • We achieved that when we were licensed by the Monetary Authority of Singapore (MAS) as a financial institution last year.
  • The new mobile app, product lines and issuances planned for 2021 reflect a new ambition and new pace of expansion.

Abu Dhabi Based LuLu Financial Holdings Appoints Former ADGM FSRA CEO Richard Teng to Its Board of Directors

Wednesday, April 14, 2021 - 6:00am

b'UAE-based LuLu Financial Holdings \xe2\x80\x93 a holding company with investments in financial services and products spanning the GCC, Indian sub-continent, and APAC regions, has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as an Independent Director to its Board.\nThis press release features multimedia.

Key Points: 
  • b'UAE-based LuLu Financial Holdings \xe2\x80\x93 a holding company with investments in financial services and products spanning the GCC, Indian sub-continent, and APAC regions, has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as an Independent Director to its Board.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210413006149/en/\nThe high-profile appointment of Mr. Richard Teng, who is credited with playing a significant role in putting Abu Dhabi on the global fintech & fin-services map, coincides with LuLu Financial Holding\xe2\x80\x99s ongoing global diversification AND investment strategy in the financial services sector.\nMr.
  • Richard Teng has served as the Director of Corporate Finance with Monetary Authority of Singapore and as Chief Regulatory Officer of Singapore Exchange.
  • Richard Teng is a pioneer in the global financial services sector, having contributed immensely to the development of modern value-led technologies in varying geographies.

First Investments of AMTD ASEAN Solidarity Fund, Calvin Choi: proud to support the FinTech community in Singapore

Wednesday, February 10, 2021 - 7:55am

Ltd., under AMTD ASEAN Solidarity Fund Group ("AMTD ASEAN Solidarity"), announced its first batch of investments in five innovative FinTech companies spanning across AI, SME financing solutions, insurtech, cross-border payment platform and card payment solutions.

Key Points: 
  • Ltd., under AMTD ASEAN Solidarity Fund Group ("AMTD ASEAN Solidarity"), announced its first batch of investments in five innovative FinTech companies spanning across AI, SME financing solutions, insurtech, cross-border payment platform and card payment solutions.
  • Calvin Choi, Chairman and CEO of AMTD Group comments, "AMTD is proud to support the FinTech community in Singapore, witnessing the resilience and embracing opportunities in its FinTech and innovation sectors.
  • We at AFIN are committed to support the FinTech community in Singapore, and to help them leverage Singapore's talent pool and robust FinTech ecosystem to drive innovation in financial services in Singapore and the world."
  • The company is also the first graduate of FinTech regulatory sandbox approved by the Monetary Authority of Singapore.

FinVolution Group Receives Capital Markets Services License from Monetary Authority of Singapore

Tuesday, January 26, 2021 - 7:00am

SHANGHAI, Jan. 26, 2021 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, announced that its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore.

Key Points: 
  • SHANGHAI, Jan. 26, 2021 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, announced that its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore.
  • Securing the CMS license marks another significant milestone for the Company as it expands and strengthens its presence in Southeast Asia to develop comprehensive financial services in the region.
  • FinVolution's mission to leverage state-of-the-art technology to improve and make financial services more accessible to its users perfectly complements Singapore's vision to be a leading innovative fintech hub.
  • FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions.

Triterras Wins Singapore Founder Category of MAS Singapore FinTech Awards

Friday, December 11, 2020 - 1:00pm

SINGAPORE, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Triterras Inc. (Triterras or the Company) (NASDAQ: TRIT, TRITW), a leading fintech company for commodity trading and trade finance, announced that its blockchain-enabled Kratos platform has won the Singapore Founder category of the FinTech Awards issued by the Monetary Authority of Singapore (MAS).

Key Points: 
  • SINGAPORE, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Triterras Inc. (Triterras or the Company) (NASDAQ: TRIT, TRITW), a leading fintech company for commodity trading and trade finance, announced that its blockchain-enabled Kratos platform has won the Singapore Founder category of the FinTech Awards issued by the Monetary Authority of Singapore (MAS).
  • The winners of the MAS FinTech Awards, which are supported by PwC Singapore, were selected from 326 submissions across 55 countries.
  • An international panel selected the 12 winners in four categories, including Singapore Founder, ASEAN FinTech, Singapore Financial Institution and Global.
  • To learn more about Kratos, visit: triterras.com/ kratos
    Triterras offers its congratulations to other winners of the Singapore Founder category, including finChat Technology Pte Ltd, and Hashstacs Pte Ltd.
    To learn more about the MAS Singapore FinTech Awards, visit:
    To learn more about Triterras, visit: https://triterras.com/ .

DGAP-News: Enterprise Singapore: Singapore Fintech Festival and the Singapore Week of Innovation and Technology to feature world's first 24-hour hybrid digital and physical event

Wednesday, December 2, 2020 - 1:08pm

SINGAPORE - Media OutReach - 2 December 2020 - The Singapore Fintech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH), the world's first week-long round-the-clock, hybrid digital and physical event, will run from 7 to 11 December 2020.

Key Points: 
  • SINGAPORE - Media OutReach - 2 December 2020 - The Singapore Fintech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH), the world's first week-long round-the-clock, hybrid digital and physical event, will run from 7 to 11 December 2020.
  • Organised by Monetary Authority of Singapore and Enterprise Singapore , the event will feature a unique hybrid format that combines a 24-hour online event platform with global satellite events around the world.
  • The Singapore Week of Innovation & TeCHnology (SWITCH) is the leading tech festival for the Global-Asia innovation ecosystem.
  • It is a one-stop platform where innovation meets enterprise, with access to global startups, investors, corporates, innovation community and ecosystem players.

iSTOX Names Former MAS Deputy Director Lim Mei Shern As Head of Compliance

Tuesday, September 17, 2019 - 4:17am

Lim will be responsible for the regulatory compliance within iSTOX.

Key Points: 
  • Lim will be responsible for the regulatory compliance within iSTOX.
  • Lim has over 15 years of experience at Monetary Authority of Singapore (MAS), primarily in the supervision of capital markets intermediaries.
  • Prior to joining iSTOX, she worked extensively on Fintech regulation in the capital markets industry.
  • We are very happy to welcome Mei Shern into our iSTOX family.