Google and Alibaba are among 300 companies that have applied for licensing to provide various digital payment services in Singapore according to Sopnendu Mohanty, chief technology officer of the Monetary Authority of Singapore (MAS). Speaking to Bloomberg, Mohanty stated that MAS will ensure anyone who gets the license is “credible.” Among the activities for which […]

The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology...

The Monetary Authority of Singapore (MAS) announced today a new Regulatory Technology (RegTech) grant scheme and an enhancement of the Digital Acceleration...

The Monetary Authority of Singapore (MAS) has committed S$42 million for a new regtech grant as well as the enhanced Digital Acceleration Grant...

Leading American bank JPMorgan has joined hands with Singapore-based investment company Temasek and DBS Group Holdings to create a blockchain-enabled foreign exchange settlement,...

Sensing the upcoming tectonic shift in the architecture of global payments, DBS, JPMorgan, and Temasek have joined forces to develop a new blockchain-based interbank payments mechanism. Blockchain-Powered Mechanism the Need of the Hour In an official announcement made on April 27, major financial institutions such as DBS Bank, JPMorgan, and Temasek stated that they areRead More

Wall Street has become more accepting of cryptocurrencies and the blockchain in recent months. One of America’s biggest bank, JPMorgan has joined hands with Singapore’s Tamasek Holdings and DBS Group in a move to overhaul the blockchain-based foreign exchange and trade settlement for cross-border payments. JPMorgan has announced the launch of a new company Partior […]

Wall Street banking giant JPMorgan is looking to overhaul the blockchain-based foreign exchange and trade settlement for cross-border payments. In collaboration with Singapore’s Temasek Holdings and DBS Group, JPMorgan has announced the launch of a new company Partior while leveraging blockchain technology and digitizing the M1 commercial bank money. In a statement on Wednesday, April

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JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects.

JPMorgan, DBS, and Temasek have formed a new blockchain company named Partior to improve cross-border payments.

The post JPMorgan, DBS, and Temasek form new blockchain firm to improve cross-border payments appeared first on The Block.

According to the Bloomberg report, JPMorgan Chase & Co. is partnering with Singapore’s Temasek Holdings Pte. and DBS Group Holdings Ltd. to create a new blockchain-based platform for payments, trade, and foreign exchange settlement. The company will leverage blockchain technology and digitize M1 commercial bank money, to reduce current frictions and latency for cross-border payments, […]

The National University of Singapore (NUS) will offer two new graduate programmes in digital financial technology (FinTech) in the new academic year,...