Tag: Singapore

Singapore’s latest CRS e-Tax guide update: What SGFIs need to know

The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.

FinTech leader Sygnum raises $40m, fortifying its position in digital asset...

Global digital asset banking group, Sygnum, has secured over $40m in what is termed the Strategic Growth Round.

Decoding the UPI: Revolutionizing OTC derivatives reporting in global markets

The introduction of the Unique Product Identifier (UPI) under the European Union’s EMIR REFIT marks a significant shift in over-the-counter (OTC) derivatives reporting. This...

Funding Societies raises major funding to boost MSME financing in Southeast...

Funding Societies, a leading Southeast Asian FinTech company, has recently secured a substantial investment from Khazanah Nasional Berhad and CGC Digital Sdn Bhd. 

Pave Bank debuts with a $5.2m funding boost

Pave Bank, a trailblazer in the realm of programmable banking, has launched with a $5.2m in funding.  The round was led by 468 Capital, with...

Singapore and China bolster financial cooperation with new initiatives

The Monetary Authority of Singapore (MAS) and various Chinese financial entities have strengthened their partnership with a raft of new initiatives.  MAS, Singapore's central bank...

Seedly launches latest travel insurance offering

Seedly, a MoneyHero Group company, has unveiled an innovative travel insurance product which is designed to be ideal for everyone. The southeast Asian firm has...

MAS spearheads Generative AI framework with new MindForge project

The MAS has recently completed the first phase of Project MindForge, an initiative focused on establishing a risk framework for GenAI within the financial sector.

How the Monetary Authority Singapore drives financial compliance

Flagright recently took the opportunity to take a deep dive into the Monetary Authority's history and its role in financial compliance.

SIL launch in Singapore: A major step forward in global sustainability...

The GRI has recently unveiled an exciting new venture, the SIL created in collaboration with the IFRS Foundation.

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