The Tripadvisor Group reportedly plans to merge two of its three businesses, Tripadvisor and Viator, amid activist investors’ pressure to consider selling either the entire company or its other division, TheFork. The business combination will lead to “substantial” layoffs among its engineering staff, Seeking Alpha...
Global payment service provider Ebanx secured In-Principle Approval (IPA) for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports cross-border money transfers and merchant acquisition services in Singapore, the company said in a Monday (Feb. 17) press release. Ebanx CEO and Co-founder João...
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million Singapore dollars (about $1.8 million) on JPMorgan Chase Bank, N.A., alleging misconduct by the bank’s relationship managers (RMs). The MAS found 24 over-the-counter (OTC) bond transactions in which JPMorgan’s relationship managers made inaccurate...
Cryptocurrency exchange OKX has appointed Grab executive Gracie Lin as CEO of its Singapore operations. The company announced the hiring Monday (Sept. 2), while also noting that its Singapore entity had been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore,...
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking liberalization journey,” said Tharman Shanmugaratnam, senior minister and chairman of […]
December 01, 2025
Blockchain company Ripple is set to expand its payments services in Singapore. The company announced Monday (Dec. 1) that the Monetary Authority of Singapore (MAS) had approved an expanded scope of payment activities for the major payment institution (MPI) license held by its Singapore subsidiary. This approval, Ripple said, makes the company one of the […]
November 04, 2025
The Tripadvisor Group reportedly plans to merge two of its three businesses, Tripadvisor and Viator, amid activist investors’ pressure to consider selling either the entire company or its other division,...
February 17, 2025
Global payment service provider Ebanx secured In-Principle Approval (IPA) for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports cross-border money transfers and merchant acquisition services in...
December 02, 2024
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million Singapore dollars (about $1.8 million) on JPMorgan Chase Bank, N.A., alleging misconduct by the bank’s relationship managers (RMs)....