We are licenced as aMajor Payment Institution (PS20200042)by the Monetary Authority of Singapore and are governed by the Payment Services Act. We have had the privilege of holding a Remittance and Money-Changing licence for over 20 years governed by the Money-changing and Remittance Businesses ...
We’re regulated locally by the Monetary Authority of Singapore (MAS) to operate as a Financial Services Provider. We monitor transactions for suspicious activity with sophisticated technology. Our teams are highly trained and we have a dedicated Financial Investigation department that specialises in the...
The bank was also part of Project Ubin, an industry initiative by the Monetary Authority of Singapore to explore the application of blockchain technology involving multi-currency payments and settlements since its inception in 2016. Project Ubin was the launch pad for the development of Partior...
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JAKARTA, Indonesia and SINGAPORE, Nov. 8, 2018 /PRNewswire/ -- Wallex Technologies -- Officially launches in Indonesia with Money Transfer License from Bank Indonesia and receives Monetary Authority of Singapore's Remittance License
In the wake of the second event, Monetary Authority of Singapore (MAS) managing director Ravi Menon called the frequency of outages and slow pace of recoverability “unacceptable”. The bank’s leading lights have had little choice but to agree. ...
Zhao also announced that Richard Teng, the global head of regional markets, has been named the new CEO, effective immediately. Prior to joining Binance, Teng was CEO of the Financial Services Regulatory Authority in Abu Dhabi, and chief regulatory officer of the Singapore Exchange....
In 2021 the Monetary Authority of Singapore (MAS) explored how a common platform for multi-wholesale CBDCs could enable cheaper, faster and safer cross-border payments, via the collaborative Project Dunbar. The RBA, BIS Innovation Hub, Bank Negara Malaysia and the South...
China has warned of the financial risks associated with non-fungible tokens (NFTs) as three industry bodies issued guidance to prevent crime in the digital asset market.
Project Guardian (unrelated to the Project Guardian initiative of the Monetary Authority of Singapore) was launched by the Canadian Imperial Bank of Commerce (CIBC) in 2018 to target synthetic opioid-related money laundering. FINTRAC also urged virtual asset service providers (VASPs) and financial in...