Monetary Authority of Singapore

Hodlnaut Announces Support of Binance Smart Chain

Retrieved on: 
Tuesday, June 28, 2022
CEO, DAPP, Financial technology, Association, IPA, USDC, MAS, Money, Accreditation, Payment Services Act 2019, PS, Monetary Authority of Singapore, Running, Cryptocurrency, Binance

SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform. Previously, users could only deposit USDC through the ERC-20 network. 

Key Points: 
  • SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform.
  • "We're pleased to announce the integration of Binance Smart Chain at Hodlnaut.
  • The Binance Smart Chain was created as an extension of the original Binance Chain.
  • With dual chain architecture, both chains are complementary Binance Smart Chain provides decentralized applications (dApps) with a cheaper and more efficient network.

Genesis Receives In-Principle Approval from Monetary Authority of Singapore for Major Payment Institution License

Retrieved on: 
Thursday, June 23, 2022
Banking, Professional Services, Finance, Monetary Authority of Singapore, Twitter, CEO, Industry, MAS, Money, Bank, Genesis

Genesis , a digital asset prime brokerage, today announced that Genesis Asia Pacific Pte.

Key Points: 
  • Genesis , a digital asset prime brokerage, today announced that Genesis Asia Pacific Pte.
  • Ltd. (Genesis Asia Pacific) has received in-principle approval by the Monetary Authority of Singapore (MAS) for a Major Payment Institution license.
  • This makes Genesis Asia Pacific one of a handful of Singapore-based digital payment token service providers who have received such in-principle approval.
  • Genesis is a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors.

Mojaloop Foundation Launches the Mojaloop CBDC Center of Excellence in Singapore

Retrieved on: 
Wednesday, June 22, 2022
Banking, Technology, Electronic Commerce, Professional Services, Foundation, Digital Cash Management, Digital Assets, Philanthropy, Payments, Consumer, Other Philanthropy, Software, Networks, Internet, Other Consumer, Mobile, Wireless, Finance, Fintech, COVID-19, Bill, Ontario Basic Income Pilot Project, Bill & Melinda Gates Foundation, Temasek, Technology, Central bank, COE, CBDC, Rockefeller Foundation, Leadership, Money, Digital currency, Ecosystem, Monetary Authority of Singapore, MAS, Center of excellence, Multimedia, Center, Community business development corporation, Working Group, Organization, Cryptocurrency, Bank, Coil, Google

The Mojaloop Foundation today announced the launch of its Mojaloop Central Bank Digital Currency (CBDC) Center of Excellence (COE) in Singapore to advance financial inclusion in emerging markets.

Key Points: 
  • The Mojaloop Foundation today announced the launch of its Mojaloop Central Bank Digital Currency (CBDC) Center of Excellence (COE) in Singapore to advance financial inclusion in emerging markets.
  • In addition, the Mojaloop Foundation announced the appointment of Nick Drury , a seasoned executive with nearly 25 years of experience innovating payments technology to drive inclusion, as the Mojaloop CBDC COE Director.
  • To help guide the direction of the COEs initiatives, the Mojaloop Foundation has also formed a Mojaloop CBDC COE Working Group comprising appointees from Mojaloop Foundation members, including the Bill & Melinda Gates Foundation, Coil, Google, ModusBox, the Monetary Authority of Singapore (MAS), RedCompass Labs, Ripple and Sybrin.
  • The Mojaloop CBDC Center of Excellence will further expand the Mojaloop Foundations efforts to advance financial inclusion in emerging markets.

Hewlett Packard Enterprise Invests in AI Quality Leader TruEra, With Plans to Jointly Help HPE Clients Build and Deploy AI Models at Scale

Retrieved on: 
Tuesday, June 21, 2022
Cloud, Solution, Organization, HPE, Bank, Software development, Fast Company, Hewlett Packard Enterprise, Technology, Responsibility, Compliance, ML, CEO, Pathfinder, PST, Research, Money, Menlo Ventures, Venetian, Gartner, Fortune 1000, MM, Artificial intelligence, Uppington, Monetary Authority of Singapore, HPE Discover, AI, Conference, Computing, NYSE, Explainable artificial intelligence, Government, GLOBE, Machine learning, Carnegie Mellon University, Risk, Hewlett-Packard, Medical device, Management, Software, Greylock Partners

Hewlett Packard Pathfinder invests in category-leading start-ups, creates solutions combining portfolio companies technology with Hewlett Packard Enterprise products, and architects joint go-to-market programs.

Key Points: 
  • Hewlett Packard Pathfinder invests in category-leading start-ups, creates solutions combining portfolio companies technology with Hewlett Packard Enterprise products, and architects joint go-to-market programs.
  • In addition, Hewlett Packard Pathfinder closely monitors longer-horizon disruptive innovation, helping encourage technological advancements that keep HPE on the leading edge.
  • AI model quality and ML Ops have emerged as considerable challenges for enterprises deploying and scaling machine learning models, said Ali Wasti, Managing Director, Hewlett Packard Pathfinder.
  • TruEra provides the first suite of AI Quality solutions that help enterprises analyze machine learning, improve and monitor model quality, and build trust.

MICT, Inc. Reports Fourth Quarter and Full Year 2021 Results with $55M Annual Revenues

Retrieved on: 
Friday, June 17, 2022
Â, Reaffirmation agreement, Security (finance), Money services business, Registration statement, COVID-19, Tingo District, MICT, Technology, Government, VIE, Insurance, Company, B2C, Cyprus Securities and Exchange Commission, Science and technology in Asia, Money, Private Securities Litigation Reform Act, CMS, Net, Annual report, Magpie, Marketing, GLOBE, Farmer, Policy, Lifting, SEC, Loss, Monetary Authority of Singapore, Contract for difference, G&A, Mergers and acquisitions, Airline, Video game, Bank, Q3

MONTVALE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the "Company"), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2021.

Key Points: 
  • We officially launched our stock trading app in September 2021 and continue to improve the technology with more features and functionality.
  • Revenue in the fourth quarter was $15.9 million versus $18.5 million in the prior quarter and $0.8 million in the year-ago period.
  • Selling & marketing expenses were $2.9 million for the fourth quarter, up from $1.5 million in the third quarter and $1.4 million in the second quarter.
  • General and administrative (G&A) expenses were $10.4 million in the fourth quarter, up from $6.6 million in the third quarter and $14.9 million in the second quarter.

MICT Receives In-Principal Approval of Capital Markets Services License from the Monetary Authority of Singapore

Retrieved on: 
Thursday, June 16, 2022
Final, Security (finance), MSO, Money services business, Technology, MICT, VIE, Insurance, Company, Cyprus Securities and Exchange Commission, Money, Private Securities Litigation Reform Act, CMS, Growth, Annual report, Acquisition, Nasdaq, Monetary Authority of Singapore, Contract for difference, PTE, MAS, Financial technology, GLOBE, Cryptocurrency, Online gambling, Bank

MONTVALE, N.J., June 16, 2022 (GLOBE NEWSWIRE) -- MICT Inc.’s (Nasdaq: MICT), (the “Company”) subsidiary, Magpie Securities (Singapore) PTE Limited, today announces it has received in-principal approval of a Capital Markets License (“CMS License”) from the Monetary Authority of Singapore (“MAS”). The issuance of the final CMS License is expected from MAS subject to the satisfaction of certain conditions, which Magpie Securities (Singapore) PTE Limited expects to achieve within the coming small number of weeks.

Key Points: 
  • The CMS License application forms part of the Companys international expansion and roll out strategy for its stock trading and financial services platform.
  • Upon receipt of final approval, the CMS License will allow Magpie Invest to operate throughout Singapore, while also allowing it to accept and onboard clients in a number of other countries.
  • MICT aims to launch its Magpie Invest platform in both Singapore and Australia during Q4 2022.
  • The progress we are making with our Australian Financial Services License is another important part of our international expansion plans stated MICT Chief Executive Officer Darren Mercer.

Abaxx Technologies Announces Normal Course Issuer Bid

Retrieved on: 
Wednesday, June 15, 2022
Carbon, Intention, Industry, COVID-19, Technology, Compliance, News, Company, Goal, Forward-looking statement, Money, Growth, Regulation, Travel, Calendar, Monetary Authority of Singapore, Risk management, GLOBE, Video news release, Risk, NEO, Security (finance)

The actual number of Shares that may be purchased and the timing of any such purchases will be determined by Abaxx.

Key Points: 
  • The actual number of Shares that may be purchased and the timing of any such purchases will be determined by Abaxx.
  • The Company has not purchased any Shares during the previous twelve months pursuant to any issuer bid.
  • Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet managements expectations.
  • Abaxx has also assumed that no significant events occur outside of Abaxx normal course of business.

NICE Actimize Named Category Winner for Suitability in WealthTechAsia Awards for the Second Consecutive Year

Retrieved on: 
Thursday, June 9, 2022
Consulting, Data Management, Technology, Professional Services, Security, Other Technology, Software, Other Professional Services, Networks, Internet, Finance, APAC, NICE Ltd., Clearview, Company, Marketing, EVP, Artificial intelligence, Forward-looking statement, Security (finance), Organization, Solution, Fraud, U.S. Securities and Exchange Commission, Money, Futures, Growth, Private Securities Litigation Reform Act, Risk, Review, Monetary Authority of Singapore, Technology, Wealth management, COVID-19, NICE, Compliance, Adoption, NASDAQ, SEC, CX, Pan-Asia, Pharmaceutical industry, Financial adviser, Insurance, Land Suitability classification

NICE Actimize, a NICE (NASDAQ: NICE) business, was named the winner in the Suitability (Pan Asia) category by WealthTechAsia Awards for the second consecutive year.

Key Points: 
  • NICE Actimize, a NICE (NASDAQ: NICE) business, was named the winner in the Suitability (Pan Asia) category by WealthTechAsia Awards for the second consecutive year.
  • NICE Actimize emerged as the 2022 Suitability Winner in supporting wealth advisors and asset managers through the successful implementation of its holistic surveillance solutions offerings.
  • As wealth management firms adapt to new customer demands, NICE Actimizes advancements in sales practices & suitability ease the transition, said Chris Wooten, EVP, NICE.
  • NICE Actimize SURVEIL-X Suitability for Wealth and Insurance is a comprehensive AI-powered surveillance and suitability solution that builds on the capabilities of NICE Actimizes industry-leading SURVEIL-X Holistic Conduct Surveillance suite.

ANEXT Bank Soft Launches Today As Singapore’s Newest Digital Wholesale Bank

Retrieved on: 
Monday, June 6, 2022
Mobile, Wireless, Technology, Finance, Security, Banking, Professional Services, Software, Networks, Internet, Data Management, Acceleration, SME, Infocomm Media Development Authority, Memorandum of understanding, Science and technology in Asia, MAS, Border, Business, Public sector, Ant Group, Artificial intelligence, Empowerment, Multimedia, Solution, Money, Growth, Cloud computing, Monetary Authority of Singapore, Industry, Neobank, Internet, IMDA, Blockchain, Private sector, Bank, Online shopping, Security (finance), Cryptocurrency

ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today.

Key Points: 
  • ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today.
  • The Singapore-based digital bank will focus on providing digital financial services to local and regional micro, small and medium enterprises, especially those engaging in cross-border operations for growth and global expansion.
  • View the full release here: https://www.businesswire.com/news/home/20220605005090/en/
    ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, commences business.
  • ANEXT Bank will also be Proxteras first participating digital wholesale bank in Singapore to lead the way in providing financing solutions to the buyers and sellers on Proxteras network.

Futu Holdings Achieves Solid First-Quarter Growth Amid Market Volatility with 67.9% YoY Increase in Paying Clients

Retrieved on: 
Monday, June 6, 2022
Singapore Exchange, ETF, Science and technology in Asia, UGC, Knowledge, IPO, Exchange-traded fund, HKEX, Yoy, Futu, Education, Environment, Ecosystem, Social, Solution, Multimedia, Initial, Money, Sale, Growth, Muumuu, Student, Technology, SGX, Social science, Singapore University of Social Sciences, Monetary Authority of Singapore, IR, Limited, National University of Singapore, Industry, Nikko, PALO, SGD, Financial technology, ESOP, Global China Connection, SUSS, Video game, Financial adviser, Tutoring, Financial services, Bank, Security (finance), Nasdaq

PALO ALTO, Calif., June 6, 2022 /PRNewswire/ -- Moomoo's parent company Futu Holdings Limited (Nasdaq: FUTU) (Futu), a leading tech-driven online brokerage and wealth management platform, reported solid performance for the quarter ended March 31, 2022, with US$209.5 million (HK$ 1641.0 million) total revenues, and US$79.4 million (HK$622.2 million) non-GAAP adjusted net income.

Key Points: 
  • Regarding wealth management, total client assets reached HK$20.9 billion in the first quarter, an increase of 59.1% YoY.
  • Leaf Hua Li said, "Although the market sentiments remained volatile in the first quarter, Futu demonstrated its resiliency with upbeat highlights and growth in key indicators across various markets.
  • Moomoo's parent company is the Nasdaq-listed fintech company Futu Holdings Limited ("Futu"), which is headquartered in Hong Kong.
  • Futu Holdings Limited ("Futu") (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.