FinTech

Fintech

Asia Pacific VC flow into fintechs dropped 27% y-o-y in 2023: S&P Global Market Intelligence

Globally, VC flows into fintechs dropped 42% y-o-y to US$35 billion.

Singapore Fintech Festival 2023

SFF 2023 spurs discussion on generative AI and the future of finance

MAS managing director Ravi Menon emphasised the need to focus on building a global public good payment utility system.

China Focus

Jack Ma-backed Ant's profit fell 65% due to RMB7 billion yuan fine

Ant’s profit would have grown to RMB9.6 billion excluding the fine

Singapore Fintech Festival 2023

MAS to release financial sector GenAI risk framework whitepaper in January

The framework will enable financial institutions to use GenAI in a responsible manner.

Singapore Fintech Festival 2023

Financial services will be more quickly impacted by language models, AI tech than other sectors: Tharman

It is important to think through and find ways to address the distributional consequences of the new technological revolution.

Fintech

MAS expands asset tokenisation initiatives via financial industry partnership

MAS is collaborating with international policymakers and FIs to explore the design of an open, digital infrastructure.

Singapore Fintech Festival 2023

Virtuous cycle of fintech

First held in 2016, the annual SFF has become the largest of its kind in the world.

Singapore Fintech Festival 2023

Purpose in the pipeline of projects

First held in 2016, the annual SFF has become the largest of its kind in the world.

Deals, joint ventures & alliances

Silverlake Axis launches in Vietnam with first official distributor partnership

KMS will primarily focus on the distribution of two key offerings, Mobius and Symmetri.

Fintech

Singlife appoints Ortec Finance as strategic asset allocation consultant

Singlife will work with Ortec Finance to develop and implement a more sophisticated asset allocation strategy.
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