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blockchain
Fintech
New KYC blockchain service to drive fintech efficiencies and counter financial crime
SINGAPORE (Oct 3): A consortium comprising OCBC Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and Infocomm Media Development Authority (IMDA) have completed a proof of concept (PoC) for a new type of Know Your Cutomer (KYC) blockchain service.
October 03, 2017
Fintech
Crypto-Mania grips Hong Kong as city looks for life beyond banks
HONG KONG (Sept 25): In the mid-1990s, Johnson Leung embarked on a career in shipping. In the early 2000s, he moved to finance. And now, he runs a Hong Kong startup that aims to improve how container ships are booked using blockchain technology.
September 25, 2017
Update
Oei Hong Leong setting up US$5 bil data centre firm; IPC to acquire stake in AI business
SINGAPORE (Sept 18): Billionaire businessman Oei Hong Leong is upping the ante with plans of a US$5 billion ($6.7 billion) data centre business to propel Singapore forward as a new information technology and investment centre.
September 18, 2017
History made as investors are first to buy real shares with real money via blockchain tech
SINGAPORE (July 25): For the first time in the fund industry, investors have successfully purchased the shares of real funds with real cash, through a blockchain-powered platform for fund managers, called FundsDLT.
July 25, 2017
Blockchain yes, Bitcoin no
SINGAPORE (July 7): Crypto-currencies like Bitcoin are in the news again, as they fluctuate in price, while central banks investigate setting up their own versions.
July 07, 2017
Fintech
Bitcoin is at risk of no longer being the biggest digital currency
NEW YORK (June 1): Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe.
June 01, 2017
Fintech
How Singapore’s financial institutions are turning a threat into opportunity
SINGAPORE (April 6): In line with the global trend, 88% of respondents from Singapore’s financial institutions this year see financial technology (fintech) as a real threat to their revenue as compared to just 73% in 2016, according to a new report by P
April 06, 2017
Next up: blockchain tech trials in income securities trading and cross-border payments
SINGAPORE (March 9): A proof-of-concept project on the use of distributed ledger technology to conduct domestic interbank payments has come to a successful conclusion, announced the Monetary Authority of Singapore on Thursday in a press statement.
March 09, 2017