Fintech

Law relating to Fintech in startups (Technology in Finance). Topics include regulations (licenses required), data privacy, Anti-money-laundering and other aspects where law and Fintech intersect.

An image of coding with the words Insurtech Regulation Singapore emblazoned across it
A Breakdown of InsurTech Regulations in Singapore

Reading Time: 14 minutes#1   InsurTech – What is it? The word ‘InsurTech’ is a portmanteau of the words ‘Insurance’ and ‘Technology’. Essentially, it is the use of technology to innovate and facilitate efficiency and cost-savings in all areas of the insurance industry. InsurTech is seeking to disrupt the insurance industry Just as we are witnessing a radical […]

Startups — How to work with lawyers at each stage of funding

Reading Time: 6 minutesStartups need to adjust how they work with lawyers as they grow, scale and expand. How can lawyers help startups meet their changing legal needs? Lawyers Ronald JJ Wong (Associate Director, Covenant Chambers LLC) and Patrick Dahm (Consultant, Samuel Seow Law Corporation) educated startups and shared crucial tips on how startups can work with lawyers […]

Patent Strategies for Startups

Reading Time: 7 minutesStartups generally worry that acquiring a patent is prohibitively expensive As discussed in the first patent article, the cost of patenting is high and generally several order of magnitudes higher than the cost of acquiring other IP rights such as trade mark and industrial design rights. A cohesive patent strategy can yield significant competitive advantage […]

Top 5 misconceptions start-ups have about patents in Singapore

Reading Time: 5 minutesContinuing from the previous IP article, patent attorney Chan Wai Yeng from Taylor Vinters Via LLC  talks about the top five misconceptions about patenting which startups should be aware of.  Intellectual property protection is an important consideration for most start-ups. The exclusive monopoly that comes with patents can help start-ups carve a niche in a crowded marketplace. […]

Payment Transaction Processing Framework-Introduction from Our Perspective (Part 1)

Reading Time: 10 minutesOn 14 November 2016 Bank Indonesia (“BI”), the Central Bank governing body in Indonesia, issued the Bank Indonesia Regulation No. 18/40/2016 concerning Framework of Payment Transaction Processing (Peraturan Bank Indonesia Nomor 18/40/2016 Tahun 2016 tentang Penyelenggaraan Pemrosesan Transaksi Pembayaran / “BI Regulation 18/2016”). We applaud the efforts made by BI to respond efficiently, swiftly and […]

Patent 101: Things you need to know before patenting

Reading Time: 9 minutesEureka! You have just created a great new product, UX, or developed an improved manufacturing process with significant reduction in production time. You know your invention has tremendous commercial value, and you are keen to share your idea with a potential business partner. But hold on for a minute. Before you disclose your invention to […]

3 Major Risks When You Transact or Invest in a Crypto-currency Like Bitcoin

Reading Time: 14 minutesWhat is Bitcoin? How would the law characterise Bitcoin? Is it legal property? What are the plausible private law issues relating to Bitcoin? This article offers some thoughts addressing these questions. TechCrunch today reported that one bitcoin is now worth more than one ounce of gold for the first time ever. Amid all the sudden […]

An updated & practical guide to schemes and grants for startups in Singapore for 2017

Reading Time: 12 minutesIn this article, lawyer WanHsi Yeong from ArrowGates LLC talks about funding and offers practical advice for existing and aspiring startup entrepreneurs. Funding is undeniably a priority for startups. Staying true to its renowned reputation as a business friendly hub, Singapore offers a myriad of schemes and grants to aid startups in growing and expanding their […]

Pro Bono: Practical fintech startup legal advice from lawyer WanHsi Yeong and Startupbootcamp fintech director Sam Hall

Reading Time: 7 minutesThis article was originally published in e27, one of our partners for our December series of Facebook Live Q&A focused on Startups. You can read the original article HERE. Here is some legal advice for startups in one of the most exciting and fast-changing industries in 2016 to 2017 Lawyer WanHsi  Yeong and Startupbootcamp FinTech […]

MAS Issues Regulatory Guidelines for FinTech Solutions Sandbox

Reading Time: 7 minutesOn 16 November 2016, the Monetary Authority of Singapore (“MAS”) issued new Fintech Regulatory Sandbox Guidelines (the “Guidelines”), along with a set of Frequently Asked Questions on the same (“FAQs”). These set out the objectives and principles behind a regulatory sandbox approach (“Sandbox”) for the development and implementation of financial technology (“FinTech”) solutions, and are […]

FB Live Q&A Video — FinTech (Wan Hsi from Arrowgates LLC and Sam Hall from Startupbootcamp FinTech Singapore)

Reading Time: 1 minutesIn case you missed it, here is the third episode in our series of FB live questions and answers with lawyers on AsiaLawNetwork! Topic in this event was “FinTech”. Lawyer Wan Hsi from Arrowgates LLC and Sam Hall from Startupbootcamp FinTech Singapore were answering all your questions live, facilitated by Gebriel Denon The (CMO, Asia […]

A Practical Guide to the Singapore Personal Data Protection Act (PDPA)

Reading Time: 9 minutesThere is probably a lot of personal data about you that has already been collected by commercial parties Today, vast amounts of your personal data can be collected and transferred to third party organizations. For example, data about your address, email, gender and age may be collected whenever you fill up your particulars in a sign-up […]