Fintech Singapore Digital Finance News - FintechNewsSG
2 days ago · By Fintech News Singapore November 12, 2024. Australian-born fintech unicorn Airwallex has launched Airwallex Impact, a global social impact programme underpinned by a 1% equity pledge, currently valued at over US$56 million. This commitment ensures a sustainable source of funding as its….
Singapore Fintech Report 2023
The Fintech Singapore Report 2023 examines the state of the industry in Singapore, noting the government's pro-innovation regulations and initiatives that nurture fintech startups, along with the active role played by the Monetary Authority of Singapore (MAS) in developing infrastructure and capabilities for emerging technologies.
Singapore Fintech Report 2023: Pioneering Digital Currencies and …
Dec 4, 2023 · The Singapore Fintech Report 2023 examines a significant year for the space in Singapore. With one of the most advanced and innovative fintech ecosystems in the world, an enhanced focus on digital money and assets, increased adoption of new technologies, and a surge in real-time cross-border transactions were noticeable.
Singapore Fintech Report 2022: Fintech Reaches Critical Mass in ...
Jan 4, 2022 · Singapore Fintech Report 2022: Usage of digital payments accelerates. The growth of online shopping, the move towards cashless payments at brick-and-mortar stores and development in real-time payment are driving a surge in digital payment solutions, especially e-wallets, the report says. In 2020, e-wallets were the second most popular payment ...
Fintech in Singapore: 2023 in Review - Fintech Singapore
Dec 21, 2023 · The 2023 Singapore Fintech Festival (SFF), which took place from November 15 to 17, put a focus on AI applications in the financial services sector, delving into some of the fintech industry’s hottest topics such as generative AI, responsible tokenization, ESG, Web 3.0, and advancing talent. This year’s event drew a record of 66,000 ...
5 Key Fintech Takeaways From the Singapore Budget 2024
Feb 21, 2024 · An SG$2 billion boost to the Financial Sector Development Fund. The Singapore Budget 2024 recognises Singapore’s pivotal role as a leading financial centre in Asia, backed by its stability and trustworthiness amidst global uncertainties. Statistics from the Monetary Authority of Singapore (MAS) reveal a continued influx of investments ...
Top Funded Fintechs in Singapore 2024 - Fintech Singapore
Jun 11, 2024 · With a total of US$314.1 million in VC funding raised, Nium is the sixth most well-funded fintech startup in Singapore. The company’s last round was a US$50 million Series E funding round secured in June 2024. The round cut Nium’s valuation by 30% to US$1.4 billion. Formerly known as Instarem, Nium is a leader in real-time global payments.
Fintech in Singapore: 2021 in Review - Fintech Singapore
Dec 22, 2021 · In Southeast Asia, fintech companies received a record-breaking US$3.5 billion, three times the amount raised last year, according to the Fintech in ASEAN 2021: Digital Takes Flight report by the United Overseas Bank (UOB), PwC and the Singapore Fintech Association. Of that amount, 44% or US$1.6 billion was secured by Singaporean fintech companies.
Singapore Fintech Report 2021: Blockchain Dominates Singapore…
Jan 18, 2021 · One fintech vertical that has risen to prominence in Singapore is blockchain and cryptocurrency, which now dominates the local fintech scene. Out of the 430 fintech startups identified in Singapore, 19% operate in the blockchain and cryptocurrency vertical, making it the biggest segment, ahead of payments (16%), investments and wealthtech (14% ...
5 Top Fintech Trends Set to Define Singapore
Jan 11, 2024 · The top fintech trends in Singapore shaping this growth include instant cross-border transactions, generative AI across financial services, emerging digital currency uses, embedded finance “as-a-Service”, and increased ESG reporting and data convergence. Embracing these emerging fintech trends will be crucial for Singapore to stay ahead in ...