News Centre

Dubai Calls On Global Start-Ups To Participate In DIFC’s Inaugural USD1mn FinTech World Cup At Singapore FinTech Festival

Date 16/11/2023

Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced the launch of the FinTech World Cup (FWC), the first-of-its-kind on a global scale.

Monetary Authority Of Singapore And Singapore FinTech Association Announce Award Winners At Singapore FinTech Festival 2023

Date 16/11/2023

The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) today announced the winners of the Global FinTech Hackcelerator and the SFF Global FinTech Awards at the Singapore FinTech Festival (SFF) 2023. The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their ground-breaking solutions that address challenges faced by the financial services industry. 

IOSCO Finalizes Its Policy Recommendations For Crypto And Digital Asset Markets

Date 16/11/2023

IOSCO, the global standard setter for securities market regulators, has today published its Final Report with Policy Recommendations for Crypto and Digital Asset (CDA) Markets.

"Shaping The Financial Ecosystem Of The Future" - Speech By Mr Ravi Menon, Managing Director, Monetary Authority Of Singapore, At The Singapore FinTech Festival 2023 On 16 November 2023

Date 16/11/2023

Good morning, and welcome to Day Two of the Singapore FinTech Festival.

A year ago, I spelt out five outcomes we want to achieve through FinTech collaboration: instant remittance, atomic settlement, programmable money, tokenised assets, and trusted ESG data.

JPX Market Innovation & Research: Cooperation In The Issuance Of Hitachi’s Digital Green Bond

Date 16/11/2023

Hitachi, Ltd. (“Hitachi”), JPX Market Innovation & Research, Inc. (“JPXI”), Nomura Securities Co., Ltd. (“Nomura”), and BOOSTRY Co., Ltd. (“BOOSTRY”), are cooperating with Hitachi toward its issuance of a “Digitally Tracked Green Bond” (“digital green bond”) utilizing digital technologies such as IoT and a blockchain platform.

Monetary Authority Of Singapore Lays Foundation For Safe And Innovative Use Of Digital Money In Singapore

Date 16/11/2023

ASIC Chair And AFSA Chief Executive Sign Refreshed Memorandum Of Understanding

Date 16/11/2023

ASIC Chair Joe Longo and the Australian Financial Security Authority (AFSA) Chief Executive Tim Beresford signed a refreshed Memorandum of Understanding (MoU), following the last update in 2014.

Monetary Authority Of Singapore Launches Digital Platform For Seamless ESG Data Collection And Access

Date 16/11/2023

The Monetary Authority of Singapore (MAS) today launched Gprnt  (pronounced “Greenprint”), an integrated digital platform that harnesses technology to simplify how the financial sector and real economy collect, access and act upon environmental, social and governance (ESG) data to support their sustainability initiatives.

Compliance And Enforcement In Retail Credit And Financial Services - Address By ASIC Deputy Chair Sarah Court At The Australian Retail Credit Association Credit Summit, 16 November 2023

Date 16/11/2023

KEY POINTS

• With an increasing number of consumers experiencing financial distress and difficulty due to cost-of-living pressures, ASIC is calling for lenders to take all necessary steps to avoid either causing or compounding these difficult circumstances through poor conduct.
• ASIC has taken enforcement action in the credit sector and will continue to do so. We are particularly concerned where it appears to us that business models have been designed to avoid consumer credit protections.
• Our focus on protecting vulnerable consumers and those in financial hardship will continue to guide our oversight of the design and distribution of credit and credit-like products.

CFTC: Federal Court Orders Illinois Man And His Entities To Pay Over $20 Million In Restitution And Penalties For Commodity Pool Ponzi Scheme

Date 15/11/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master Fund Ltd., Tyche PML Onshore Fund LP, Tyche Onshore Fund GP LLC, and Tyche Asset Trade LLC.