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Back in March 2020, Revolut introduced its customers to a brand-new service, letting them invest their money into two particular commodities – Silver and Gold. However, their service is still missing functionalities. For instance, digital transfers of Gold to someone. With it being easier to send crypto over precious metals, the challenger bank might be popularizing the idea that crypto is more user-friendly.
The Co-operation Agreement sets out a framework for FinTech collaboration between both countries. It will put in place a referral mechanism to help FinTech firms access each other’s markets. MAS and MNB have also committed to exchange views on emerging market trends and developments in FinTech, as well as regulatory issues on financial services innovation. The agreement will facilitate joint innovation projects between MAS and MNB.
A new sector created with over 1,000 Fintech firms employing 10,000 workers, serving the larger ASEAN region of over 650 million people Over 40 innovation labs set up by both local and international financial institutions, catalysing digital transformation of the incumbents More than 150 Venture Capital firms have registered in Singapore, enhancing the City’s allure as an international financial centre and the regional hub for startup fund-raising
We tried many things on our journey and we eventually came up with the solution we have today. We had a plan, but we were open to new ideas and tried not to limit ourselves to any technology or methodology. It was the freedom and agility from day One that allowed us to act as an independent company, build the startup culture and make sure we can come up with the best possible solution.

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