Tag: Singapore
Singapore Overtakes Hong Kong in Digital Banking Adoption
Advancements in technology, changing demographics and supportive regulations are driving the rise of digital banking in Asia, with Singapore and Hong Kong emerging as key players. While [more…]
Zoo Bribery Middleman Used Funds for Gambling
Zoo bribery Too Say Kiong, an employee of Shin Yong Construction, pled guilty to ten bribery charges involving the Singapore Zoo. Too admitted to spending much of [more…]
Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police [more…]
OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines
OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. [more…]
Payoneer Eyes Singapore’s SMEs: Obtains Major Payment Institution License
Payoneer Singapore, a subsidiary of Payoneer Global, has obtained a Major Payment Institution License from the Monetary Authority of Singapore (MAS). The license enables the company to [more…]
Salesforce’s Findings Show That Consumers Crave Better Experiences from Their Bank
In Singapore, competition in the financial services industry is heating as customers grow frustrated with underwhelming digital experiences and are becoming more and more open to switching [more…]
Singapore Tops as Southeast Asia Reports Record Investments in Fintech
The investments channeled to the fintech sector in the Association of Southeast Asian Nations, ASEAN, increased to USD4.3 billion in the first nine months of 2022. The [more…]
Behind Singapore’s Experiment with a Digital Version of SGD
A new paper published by the Monetary Authority of Singapore (MAS) on June 21, 2023 introduces the concept of purpose bound money (PBM) and proposes a common [more…]
Singapore’s Central Bank Launches Framework for Digital Asset Networks
The Monetary Authority of Singapore (MAS), also the central bank, has released a report on the framework for creating interoperable networks for digital assets. The report is [more…]
Hackaday Links: June 25, 2023
Is it really a dystopian future if the robots are radio-controlled? That’s what came to mind reading this article on a police robot out of Singapore, complete [more…]
Top 5 Fintech and IT Masters Programs in Singapore
As the financial industry continues to undergo rapid digital transformation, professionals with expertise in fintech and IT are in high demand. As a result, numerous educational institutions [more…]
Thieving Trio Jailed for Using Glue on Hands to Steal Casino Chips
Three people who applied strong glue to their hands to steal casino chips received prison sentences this week. The three Chinese nationals all pled guilty to conducting [more…]
Marketnode ready to digitalize debt markets
Marketnode, a joint venture between Singapore Exchange and government-linked investment group Temasek, supported its first transaction last year in the form of commercial paper issued by OCBC [more…]
Fintech Equity Funding in Singapore Sees Slight Decline
Fintech equity funding activity in Singapore declined in 2022, with investment value dipping by 8% and deal count declining by nearly 26%, a new report produced by [more…]
Marina Bay Sands US$3.3 Billion Expansion Project Postponed to April 2024
The kick-off of the US$3.3 billion expansion project announced in 2019 for the exclusive hotel-casino resort Singapore’s Marina Bay Sands has been postponed by 12 months again. [more…]
Old-school hedgie goes digital to make his comeback
The alternative-investment industry has always been designed for large institutional investors. An old-school hedge-fund manager in Singapore, Chua Soon Hock, is helping change this. The people who [more…]
Singapore’s FSI Sector Eyes Significant Investments in ESG, Embedded Finance and Defi
In Singapore, c-suite and senior finance executives are planning to invest significantly in embedded finance, environmental, social and governance (ESG) frameworks, and blockchain-related innovations in 2023, confident [more…]
Macau to host G2E Asia in-person show in July 2023
This year, Macau will host a Global Gaming Expo (G2E) Asia in-person casino trade event. It will mark the first casino event to follow the 2019 show [more…]
Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations
Beijing states that various countries are ”taking discriminatory entry restriction measures targeting China” after the country saw a rapid decline in COVID-19 cases and opened up to [more…]
Man Allegedly Used Mobile Phone to Record Cards at Marina Bay Sands
Criminal intentions curbed A crooked plot to fleece the house at Marina Bay Sands in Singapore backfired this festive season after officials caught a Taiwanese national up [more…]
$9.2 billion spent on betting in Singapore in last financial year, 40% more than year before
Tote Board, the statutory board of The Ministry of Finance of Singapore, reports that a total of $9.2 billion was spent on betting in the last financial [more…]
