And, it is no surprise that in just its third year, this Festival is already the world’s largest. MatchMove makes it easy to put essential financial services in any app with their Spend.Send.Lend. M-DAQ achieves this through their proprietary data technology and support from ⅔ of the world’s foreign exchange providers. Please allow us up to 3 working days to review before adjusting the information or including your entry. Before this period, the idea was that there are highly, pervasively powerful monopolies, and subsequent to the history of prevailing banks- no entity has managed a competent payments company after PayPal. SINGAPORE-BASED fintech Volopay has raised US$2.1 million in seed funding led by Justin Mateen, a co-founder of US dating app Tinder, the startup announced on Tuesday. Fintech startups in Singapore closed 48 deals in 2020, up from 42 deals in 2019. GrabPay. Financial technology has transformed financial services in the past few years. As a part of drawing the FinTech scene in ASEAN, especially Singapore, Fintechnews collects, tracks and analyzes hundreds of FinTech Startups, established over the last two decades. Belief in the spirit of innovation and the power of imagination. Mainly involved in connecting C-Suite professionals to innovative businesses worldwide, the company have expanded to service the APAC region. Fintech companies, inclusive of start-ups, technology companies and established financial institutions, leverage emerging technologies, for instance big data, artificial intelligence, blockchain and edge computing to allow financial services to garner broader access and more efficiency. "FinTech for an Inclusive Society and a Sustainable Planet" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Singapore FinTech Festival 2020 on 8 December 2020 In his keynote speech at SFF x SWITCH 2020, Mr Ravi Menon, Managing Director, MAS, spoke on leveraging FinTech to create a more inclusive society and a more sustainable planet. The Singapore Fintech Festival is a celebration of belief. Much of this overseas investment is visible in the growing number of regional headquarters belonging to overseas technology firms that have sprung up in Singapore. As it gains further global prominence, its story and model has every chance to define the next stage of global fintech’s growth. M-DAQ builds over-the-top (OTT) applications to facilitate cross-border business for various industries since 2010. This list of companies and startups in Singapore in the fintech space provides data on their funding history, investment activities, and acquisition trends. Their solutions unify the infrastructure underlying global payments, decentralized fintech. Empowering and Equalizing Finance. Find the lowest interest rates for personal loans. Certain prevalent robo-advising services include Betterment and Ellevest. Among the most recent of these was that of digital banking software provider Backbase, which cited the ideal location, large economic potential, access to specialised workers, and the strong foundation for a ‘digital-first approach’ as reasons to establish its HQ in Singapore. Other notable technology success stories include local start-ups like Carousell, a mobile classifieds ads firm, and Shopback, a cash rebate platform. @SimCorp SFTR solution goes live at Denmark’s ATP Make smart financial decisions. Storm2 is a specialist FinTech recruitment agency and have just launched their second office in the Central Business District in Singapore. Google+, Your email address will not be published. Storm2 is a specialist FinTech recruitment agency and have just launched their second office in the Central Business District in Singapore. Services: Trading, Exchange, Next generation financial services, Blockchain technology, QASH token. All with your everyday everything app. They customize reports to your preferences for all your data analysis needs. CO— seeks to give people ideas from esteemed, renown experts. Connect bank operations from front to back, Digitalisation landscape in Pakistan – a tech view. Services: Social trading app, Finance app, virtual cash, virtual trades, mobile trading app, 10th Floor, Linen Court,10 East Road London N1 6AD, United Kingdom Singapore, Singapore. In his free time he performs pro-bono community work and traveling. This list of companies and startups in Singapore in the fintech space provides data on their funding history, investment activities, and acquisition trends. Moreover, the concentration of FinTechs in Singapore and their diversity in terms of their business models demonstrate that Singapore is an attractive FinTech centre. FinTech funding has risen steadily to fuel this growth, exhibiting resilience amidst the pandemic. A growing number of global reports and rankings pinpoint Singapore as a region to watch for both current and future potential. Easy step for businesses to digitalize and access business account management and financing features, online. Your email address will not be published. Your email address will not be published. With Singapore fintechs taking 51% of ASEAN funding as of Q3 2019, it comes as no surprise that investors may be keen to learn more about the country’s fintech landscape.. Singapore has over 40 innovation labs, more than 500 fintech start ups, SGD500 million in record-high fintech investments in 2018, and USD12 billion in capital for ASEAN enterprises. However, last year’s US$383.5 million in total deal value was just shy of 2017’s US$393.8 million. Amid the Covid-19 pandemic, it … Each year we provide funding, collaboration, coaching, mentorship, office space in Singapore and access to a global network of corporate partners, mentors, investors and VCs, for up to 12 selected FinTech and InsurTech startups selected across the globe. Digitalizing supply chains and making payments, account and transaction management, and financing easy. To support this growth, Singapore … Financial technology, alternatively known as fintech, is a financial industry which encompasses companies that utilize technology to enhance efficiency of financial services. 40+ Global Satellite Events. This is business review and is meant to allow separation between regulated entities. Singapore is home to over 40% of Southeast Asia’s fintech companies thanks to its pool of tech talent and favorable regulatory frameworks in … Each year we provide funding, collaboration, coaching, mentorship, office space in Singapore and access to a global network of corporate partners, mentors, investors and VCs, for up to 12 selected FinTech and InsurTech startups selected across the globe. Asia-based private equity firm Navis Capital Partners has made an investment in Singaporean fintech startup Moneythor for an undisclosed amount. CoAssets Pte Ltd, is rebranding itself as CA Funding Pte Ltd (“CAFPL”). As worldwide enthusiasm for the disruptive potential of fintech continues to rise, Singapore has increasingly stood out from a crowd of regions jostling for ‘fintech capital’ status. This website uses cookies, including third party ones, Services: Interactive web application, Canopy Analytics module, Canopy Reporter, risk analytics, financial metrics, Payment Platform as a Service: What would the impact to your business be if any payment product needed was one click away? Find credit cards that give the best benefits. Services: Fintech, financial market information, conversational banking, AI market monitoring mobile application, Data analytics, 1 #07-07, One Pemimpin, Pemimpin Drive, Singapore 576151. by Fintechnews Singapore December 17, 2020 Despite global turbulences caused by COVID-19, the Singapore fintech industry remained resilient in 2020 on the back of new favorable rules, fintech initiatives from the government, and … The end-to-end benefits of cloud-first transformation Get instant payment notifications and detailed transaction history. Trending . Startupbootcamp FinTech is the leading global accelerator focused on financial innovation. Singapore, which has held the 4 th rank in GFCI’s ranking of global financial centres, also ranked 8 th in its inaugural fintech survey, scoring “consistently high across all categories.” Singapore has emerged as a global magnet for fintech entrepreneurs. Proposed Research Areas Timeline of SG Fintech Journey Key factors for Singapore success as a global Fintech hub Fintech trends and how Singapore Fintech can play a prominent role Opportunities and… Read More. Service: Invoice finance platform, fast funding, Access funds, pay-as-you-go pricing, Advance within 24hrs, 1 Paya Lebar Link, #04-01 Paya Lebar Quarter 1 Singapore, Singapore 408533. It has developed over years, with much credit due to the foresight and long-term strategy enacted by its government and business leaders. Startupbootcamp FinTech is the leading global accelerator focused on financial innovation. In just a few short years, investors, regulators and the FinTech community have worked successfully. FinTech Singapore has grown spectacularly at a rapid speed. Providing easy access to financial market information. 40+ Global Satellite Events in FinTech hubs around the world, comprising physical and digital formats; SFF 2020 BY THE NUMBERS. Singapore is the Asia-Pacific's top-ranking fintech city, with more than 40 per cent of South-east Asia's fintech firms based in the city-state. They help you access fast funding easily via invoice financing, so you can focus on the things that matter to your business – growth. Learn trading, experiment with virtual cash, follow experienced “Heroes” and compete in virtual trading competitions. This culture of encouraging innovation is shown by a range of supportive initiatives initiated in both the private and public sectors. Within this period, most individuals gradually lost faith in conventional banking, with millennials championing free and virtual financial services. Despite COVID-19, the financial sector has still enjoyed some notable M&A deals. Prior to 1990s and prevalence of the internet, old financial organizations, including most banks, functioned with fintech. This has proven highly attractive to fintech companies in particular, most all of which have international ambitions, or offer services to highly internationalised firms. Destroy your competition online! Spanning recent years, fintech companies gradually disrupted almost all facets of the financial industry. Considering the relatively small size of the domestic market, Singapore’s effective collaboration with nations across the world has helped it reach a size comparable to many larger peers. The fintech startup launched in Singapore more than one year ago and has more than 70,000 customers so far. 240+ Hours of World-Class Content. Referring to Wikipedia, it describes “Fintech” as “Financial technology, also known as FinTech, as a line of business based on using software to provide financial services. Fintech Hub. This year has seen several job cut announcements. Just last month, Grab and its partner – major Asian telco Singtel – became just one set of two recipients of Singapore’s much-prized digital full banking (DFB) licence.. A DFB licence will allow it to hold retail deposits. BetterTradeOff is a Singapore-headquartered fintech and insurtech startup that developed a life-planning solution, like Aardviser, which uses advanced statistical models and AI to help individuals make better decisions when attempting to finance their future. Services like PayPal, Venmo, Square, Apple Pay and Google Pay allow peers to remit cash to each other, alternatively, merchants receive bills from clients. "Banks have relied on the “five p’s” – people, physical cash, premises, processes and pape… twitter.com/i/web/status/1…, Female-led tax reporting fintech @KAWatsonConsult takes tech into own hands One standout government co-financing scheme matches private capital investment in start-ups dollar-for-dollar up to a maximum of S$300,000 and has been eagerly adopted by fintech businesses. FinTech funding has risen steadily to fuel this growth. Company-Sponsored Financial Institutions (FIs) and Fintech Firms that are recognized by Singapore FinTech Association (SFA). Below is a list of 4 funding announcements that were made this month. World without Currency Borders™. improve your experience and our services. Once you join a KyePot group, you can effortlessly track your progress and take charge of your financial goals. These people have worked with each other to create a vibrant field for Singapore FinTech. Everything we do in FinTech must always have a larger purpose – to improve the lives of individuals, to build a more dynamic economy, to promote a more inclusive society. Tom is a Computational Science graduate of the National University of Singapore. Digital tech companies snapped up nearly all (93%) of the S$13.4bn of venture investments in Singapore in the first nine months of 2019. In 2002, following the enacted Financial Advisers Act in Singapore, iFast launched its business-to-business (B2B) division catering to … Recruitment, Remittance and eCommerce Recruitment, Remittance and eCommerce by Gina Clarke January 18, 2021 January 15, 2021 Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG. The Intellectual Property Office of Singapore has also launched a fintech fast-track initiative to expedite the file-to-grant process for fintech patent applications. Our team provides a wide spectrum of services that can enable Fintech players to be equipped with the right skillset to navigate the future of financial services. What if the work taxing your Finances and IT & OPS resources was eliminated? Operational since 2015, they are headquartered in Singapore, with a growing presence in Malaysia, Indonesia, Dubai, Hong Kong, India and China. Against this backdrop, Singapore’s fintech startups have continued to grow and attract funding in 2020. Although, prior to usual business decisions, you should seek professional expertise that tailors financial advice customized to your specific circumstances. Services: Fintech, digital financial services, digital banking, contextual recommendations, chatbot development, 73 Ayer Rajah Crescent, #02-16, Singapore 139952. Singapore is actively moving towards being a smart nation and the fintech sector is one of the fastest growing sectors in the country. 1 Pass, 2 Events. 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