Tag: Singapore

Singapore’s new national anti-money laundering (AML) strategy introduces a comprehensive framework structured around three core pillars: Prevent, Detect, and Enforce, which collectively aim to enhance the financial sector's ability to combat illicit money flows.

Blackpanda, a leader in cyber emergency response based in Asia, announced a strategic funding boost of $6.7m today.

Maybank, which serves over one million small and medium enterprises (SMEs) across ASEAN, announced today a significant investment in Funding Societies | Modalku, Southeast Asia's foremost unified digital finance platform for micro, small, and medium enterprises (MSMEs).

Revolut Business has announced that its global revenues now exceed $500m (£380m), alongside monthly transaction volumes of £17bn.

Singapore-based investment platform Syfe, established in 2017, has successfully raised $27m in a Series C funding round.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Aleta Planet, a Singapore-based payments solutions provider, announced on Thursday a new investment from the United Arab Emirates' strategic management company National Pulse.

GXS Bank, a prominent digital banking entity, has reportedly received a S$229.5m ($169m) capital injection from notable backers Singtel and Grab, according to a report from Tech in Asia. 

Singapore has launched its National Asset Recovery Strategy as announced by Prime Minister and Minister for Finance, Lawrence Wong.

Atome Financial, a Singapore-based FinTech firm, announced on Tuesday that it has secured a debt facility of up to $100m.