Singapore FinTech Festival

Women's World Banking Announces 2023 Fintech Innovation Challenge to Elevate Fintechs with New Solutions to Close the Gender Gap in Financial Services

Retrieved on: 
Wednesday, August 3, 2022 - 2:00pm

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Women's World Banking announced today the 2023 Fintech Innovation Challenge, a global competition to highlight and advance solutions to close the gender gap through digital financial services. Now in its fourth year and the only women-centered fintechs competition, the Challenge will provide a platform for later stage fintechs working to address the persistent challenges in serving the low-income women's market.

Key Points: 
  • Digital financial services can serve as an on-ramp for low-income women to adopt and use a large suite of formal financial products and services, expanding women's choices and their financial and economic resilience and empowerment.
  • Low-income women represent a large, untapped market opportunity for digital financial services providers, particularly fintechs leveraging technology to close the gender gap in financial services.
  • "Participating in the Women's World Banking Fintech Innovation Challenge drove us to learn moredeeply how we can better serve our women customers," said Rachel Freeman, Chief Growth Officer at Tyme, a 2020 Fintech Innovation Challenge Winner.
  • The Grand Prize winner of the Fintech Innovation Challenge will be announced in Dubai, on February 16, 2023 following the pitch competition.

Women's World Banking Announces 2023 Fintech Innovation Challenge to Elevate Fintechs with New Solutions to Close the Gender Gap in Financial Services

Retrieved on: 
Wednesday, August 3, 2022 - 2:00pm

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Women's World Banking announced today the 2023 Fintech Innovation Challenge, a global competition to highlight and advance solutions to close the gender gap through digital financial services. Now in its fourth year and the only women-centered fintechs competition, the Challenge will provide a platform for later stage fintechs working to address the persistent challenges in serving the low-income women's market.

Key Points: 
  • Digital financial services can serve as an on-ramp for low-income women to adopt and use a large suite of formal financial products and services, expanding women's choices and their financial and economic resilience and empowerment.
  • Low-income women represent a large, untapped market opportunity for digital financial services providers, particularly fintechs leveraging technology to close the gender gap in financial services.
  • "Participating in the Women's World Banking Fintech Innovation Challenge drove us to learn moredeeply how we can better serve our women customers," said Rachel Freeman, Chief Growth Officer at Tyme, a 2020 Fintech Innovation Challenge Winner.
  • The Grand Prize winner of the Fintech Innovation Challenge will be announced in Dubai, on February 16, 2023 following the pitch competition.

Digital Treasures Center Secures MPI Licence to Provide Digital Payment Token and Other Payment Services in Singapore

Retrieved on: 
Monday, August 1, 2022 - 8:58am

Singapore, Aug 1, 2022 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence.

Key Points: 
  • Singapore, Aug 1, 2022 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence.
  • Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider (MAS licence number: PS20200531) of Digital Payment Token (DPT) and other payment services under the Payment Services Act (PSA).
  • Effect 1 August 2022, DTC will be providing the following payment activities under the MPI licence:
    1.
  • Digital Treasures Center Pte Ltd ("DTC") is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival.

Global Hub Launched to Eradicate Women's Digital Financial Exclusion and Accelerate Women's Business Ownership

Retrieved on: 
Wednesday, July 20, 2022 - 2:10pm

NEW YORK, July 20, 2022 /PRNewswire/ -- Women's World Banking and the UN Capital Development Fund today announced the launch of the Women's Digital Financial Inclusion (WDFI) Advocacy Hub, a new global coalition to catalyze collective action to increase women's digital financial inclusion.

Key Points: 
  • NEW YORK, July 20, 2022 /PRNewswire/ -- Women's World Banking and the UN Capital Development Fund today announced the launch of the Women's Digital Financial Inclusion (WDFI) Advocacy Hub, a new global coalition to catalyze collective action to increase women's digital financial inclusion.
  • The coalition aims to close the gender gap in access to digital technology, skills, and digital financial products for women entrepreneurs particularly in developing countries.
  • The WDFI Advocacy Hub is a groundbreaking global collaboration that will make those possibilities a reality and close the financial inclusion gap."
  • "The WDFI Advocacy Hub will accelerate that progress through coordinated advocacy to help women grow their businesses and secure their financial future."

Ant Group Appointed by Elevandi as Advisory Committee Member

Retrieved on: 
Tuesday, May 31, 2022 - 7:32am

Ant Group has been appointed as a member on the advisory committee of Elevandi, a company set up by the Monetary Authority of Singapore (MAS) with a mission to foster an open dialogue between the public and private sectors to advance FinTech in the digital economy.

Key Points: 
  • Ant Group has been appointed as a member on the advisory committee of Elevandi, a company set up by the Monetary Authority of Singapore (MAS) with a mission to foster an open dialogue between the public and private sectors to advance FinTech in the digital economy.
  • Mr. Chen Leiming, Senior Vice President, who is responsible for Ant Groups international public policy and government affairs, serves as the representative of Ant Group.
  • Mr. Chen Leiming, Senior Vice President, Ant Group, said: It is a great honour to represent Ant Group and contribute to the mission of Elevandi which we share and resonate deeply.
  • For more information on Elevandi and the full list of advisory committee members, please visit https://www.elevandi.io/media/company-set-up-by-mas-to-advance-fintech-a... .

The Lemonade Foundation Turns to Blockchain to Protect Subsistence Farmers from Climate Change

Retrieved on: 
Tuesday, March 22, 2022 - 12:00pm

The Lemonade Foundation, the nonprofit founded by Lemonade to effect exponential social and environmental impact through technology, announced today the formation of the Lemonade Crypto Climate Coalition.

Key Points: 
  • The Lemonade Foundation, the nonprofit founded by Lemonade to effect exponential social and environmental impact through technology, announced today the formation of the Lemonade Crypto Climate Coalition.
  • The climate insurance will be architected as a stablecoin-denominated, decentralized application (dApp) on Avalanche, an eco-friendly proof-of-stake blockchain.
  • The Lemonade Foundation was established to build exponentially-impactful technologies, said Daniel Schreiber, Director at the Lemonade Foundation.
  • The Lemonade Foundation is an independent legal entity, and is not owned or controlled by Lemonade, Inc. or its shareholders.

Singapore and Switzerland Co-Organise Point Zero Forum to Discuss Innovation in Digital Financial Technology

Retrieved on: 
Monday, February 14, 2022 - 8:00am

Singapore and Switzerland have worked together to organise the inaugural Point Zero Forum, bringing together global technologists, financial institutions and regulators.

Key Points: 
  • Singapore and Switzerland have worked together to organise the inaugural Point Zero Forum, bringing together global technologists, financial institutions and regulators.
  • The Point Zero Forum is intended to help ensure that innovation in digital financial technology can flourish and thrive in a secure framework for the benefit of all."
  • Point Zero Forum is an invitation-only forum for senior leaders from government and regulators, financial institutions, technology companies, digital asset and blockchain networks, academia and investors.
  • Our flagship product is the Singapore FinTech Festival alongside fast rising platforms including the World FinTech Festival and Point Zero Forum.

Singapore FinTech STACS Partners CSOP Asset Management as Blockchain Platform Provider for OTC Derivatives Trade Processing

Retrieved on: 
Wednesday, February 9, 2022 - 1:00am

Ltd. (CSOP) and leading Singapore FinTech firm, Hashstacs Pte Ltd (STACS) today announced the completion of their Over-the-Counter (OTC) Derivatives Trade Processing prototype, built by STACS on its Distributed Ledger Technology (DLT')-based platform, Vetta.

Key Points: 
  • Ltd. (CSOP) and leading Singapore FinTech firm, Hashstacs Pte Ltd (STACS) today announced the completion of their Over-the-Counter (OTC) Derivatives Trade Processing prototype, built by STACS on its Distributed Ledger Technology (DLT')-based platform, Vetta.
  • This is part of the long-term collaboration between STACS and CSOP to deploy a live solution for efficient OTC trade processing across different asset classes.
  • The platform aims to eliminate and streamline bespoke trade matching parameters and resolve trade exceptions in real-time.
  • Benjamin Soh, Managing Director at STACS, said: We are thrilled to be part of this collaboration with CSOP Asset Management to deliver a cutting-edge live functional platform for efficient OTC Derivatives Trade Processing via distributed ledger technology.

ComplyAdvantage Releases 2022 State Of Financial Crime Report

Retrieved on: 
Thursday, February 3, 2022 - 6:00am

ComplyAdvantage , a global data technology company transforming financial crime detection, today announced the availability of the firms much anticipated annual report - The State Of Financial Crime 2022 .

Key Points: 
  • ComplyAdvantage , a global data technology company transforming financial crime detection, today announced the availability of the firms much anticipated annual report - The State Of Financial Crime 2022 .
  • The State Of Financial Crime Report 2022 uncovers the financial crime trends that compliance officers are most concerned with in the coming year.
  • ComplyAdvantage is the financial industrys leading source of AI-driven financial crime risk data and detection technology.
  • ComplyAdvantages mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime.

Financial technology firms ramp up spend on content, brand and digital marketing - Cognito survey

Retrieved on: 
Wednesday, January 26, 2022 - 9:00am

LONDON, Jan. 26, 2022 /PRNewswire-PRWeb/ --Cognito, an international financial services communications and marketing agency, today released the results of The 2022 Cognito Financial Technology Senior Marketer Survey.

Key Points: 
  • LONDON, Jan. 26, 2022 /PRNewswire-PRWeb/ --Cognito, an international financial services communications and marketing agency, today released the results of The 2022 Cognito Financial Technology Senior Marketer Survey.
  • The survey is the result of input from 75+ in-house marketing and communications leaders from organizations across EMEA, the US and APAC in the financial technology sector.
  • Respondents were asked about how they planned to address strategic business challenges and their views on marketing tactics and channels.
  • The most cited areas for additional resources were content/thought leadership (68%) and digital marketing (69%).