Singapore

Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns. In Singapore's circa-1820 Chinatown stands the red-and-gold Buddha Tooth Relic Temple, said to house one of Buddha's teeth.

Source: en.wikipedia.org

Citi Joins Trade Finance Network
Citi Joins Trade Finance Network
February 20, 2020  |  B2B Payments

Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants...

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Singapore’s Credify Raises $1M To Expand Into Southeast Asia
Singapore’s Credify Raises $1M To Expand Into Southeast Asia
February 18, 2020  |  Investments

Software development company Credify, based in Singapore, has raised $1 million in a seed funding round from SoftBank-backed artificial intelligence (AI) incubator Deepcore, as well...

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Japanese Sales Tax Triggers 6 Pct Economic Contraction
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020  |  International

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The...

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Singapore Firms Embrace Digital Tax Payments
Singapore Firms Embrace Digital Tax Payments
February 18, 2020  |  B2B Payments

With a goal of being check-free by 2025, Singapore said business taxpayers are using 20 percent fewer paper checks and embracing digital payments, according to...

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Bitcoin Daily: Binance Applies For Singapore Crypto License; CFTC Files Charges In Digital Ponzi Scheme
Bitcoin Daily: Binance Applies For Singapore Crypto License; CFTC Files Charges In Digital Ponzi Scheme
February 16, 2020  |  Bitcoin

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for...

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Joint Venture Delivers Payments To Singapore
Joint Venture Delivers Payments To Singapore
February 14, 2020  |  B2B Payments

British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global...

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Grab Launches GrabInvest
Grab Launches GrabInvest
February 04, 2020  |  Partnerships / Acquisitions

Grab Holdings has acquired Singapore’s robo-advisory startup Bento for an undisclosed sum. The move will let Grab begin to offer retail wealth management services to...

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APIs May Be The Key To Singapore’s Open Banking Future
APIs May Be The Key To Singapore’s Open Banking Future
February 03, 2020  |  Regulation

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions...

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Top News In Payments: Visa Logs 700M Direct Transactions; CFPB Sues Citizens Bank
Top News In Payments: Visa Logs 700M Direct Transactions; CFPB Sues Citizens Bank
January 31, 2020  |  News

In today’s top news, Visa reported positive first-quarter earnings, totaling 700 million Visa Direct transactions, and CFPB sued Citizens Bank for violating the Truth in...

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