Singapore’s technology news headlines in October of 2024 covered developments in the city-state’s tech scene including: Singapore’s moves to make financials, and telcos, liable for phishing scam impacts; Meta’s Singapore-based AI accelerator program; the Monetary Authority’s moves to further strengthen Singapore’s presence as a global fintech hub; and more – hit the links below to read each item in full.
Singapore market reference:
- Singapore population (2023): 6 million
- Singapore online population: 4.8M / 81.1%
- Singapore’s median age: 39.4 years
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Enterprise Singapore: Singapore Venture Funding Landscape 2024
- Monetary Authority of Singapore has launched the Global Finance & Technology Network, aiming to deepen the city-state’s position as a global fintech hub / full item
- Download: ‘FinTech’s state of play 2.0 – Taking stock of Singapore’s FinTech landscape, 2024‘ from PwC and Singapore FinTech Association / full item
- Project Mandala proof-of-concept: Automating compliance procedures on cross-border financial transactions, with central banks of Singapore, Malaysia, Australia and Korea participating / full item
- Singapore is to invest an additional Sg$440M in the Startup SG Equity scheme in bid to attract more VC firms to invest in local Singaporean deep-tech startups / full item
- Singapore: Gov’t preps Shared Responsibility Framework for December roll-out, looking to strengthen accountability of financial institutions and telcos for phishing scam losses / full item
- Singapore: DBS Bank rolls out DBS Token Services to further grow blockchain options for institutional clients, integrating smart contract capabilities with existing services / full item
- Singapore: OpenAI, maker of ChatGPT, is to open its second Asia office in Singapore, to focus on region-relevant languages, culture and national programmes / full item
- Singapore recently unveiled the Smart Nation 2.0 agenda, an update on the city-state’s digital goals for the economy, society, government, and security / full item
GITEX Asia Tech Conference & Expo: April 2025 in Singapore
- L’Oréal Big Bang Beauty Tech Innovation Program selects 4 Singapore startups and 4 from India for finals, working in customer-serving technologies and insights / full item
- Singapore: Surfin secures $12.5M Series A with multi-country fintech presence, offering P2P lending, remittances, payment gateway services and more / full item
- Singapore: Meta rolls out new artificial intelligence accelerator, and incubator, for APAC startups that integrate Meta’s Llama AI model into their products / full item
- Singapore: 2024 GovWare Conference & Exhibition took place October 15-17, as part of Singapore Int’l Cyber Week, focusing on cybersecurity / full item
Stanford University: Artificial Intelligence Index Report 2024
- ICYMI: Personal Data Protection Commission required all organizations in Singapore to have registered Data Protection Officer details by the end of September / full item
- GITEX Asia is set for Singapore in April 2025, gathering over 1000 firms & startups, more than 250 investors & VCs, and thousands of potential buyers / full item
- Singapore’s Princeton Digital Group data centre firm acquires powered land for 500MW capacity expansion, adding new facilities in India, Malaysia and Indonesia / full item
- Malaysia Digital Economy Corp inks MOUs with Singapore’s Ascent venture fund and Indonesia’s Central Capital Ventura, looking to boost cross-border collaboration and innovation / full item
- Malaysia: Johor State is projected to attract $4.9BN in new data center investments in 2024, offering cost benefits over neighbouring Singapore / full item
- Taiwan: Singapore’s Keppel Data Centre Fund II inks JV with BlackRock-backed Digital Decarbonization Solutions Platform for 80MW Northern Taiwan data centre / full item
- Vietnam’s FPT tech giant and Nat’l University of Singapore partner on $50M investment in artificial intelligence research and related talent development / full item
- Taiwan: ‘…ranks first in the world in AI hardware, but 26th in software, behind neighboring Singapore (third) and South Korea (sixth).’ / full item
Hoover Institution: Digital Currencies – The US, China and the World
