Reading Time: 12 minutesOn 28 June 2019, the Monetary Authority of Singapore (“MAS“) announced that it will issue up to five digital banking licenses[1]. This was a revolutionary move by the MAS as digital bank licenses were extended to non-bank players and allowed banks to operate in Singapore with minimal physical presence. The MAS recognises that the banking […]
Vietnam: “Battle” against plastic carrier bags: Experience from England
Reading Time: 5 minutesIncreasing the environmental protection tax rate in regards to production from VND40,000 up to VND200,000/kilogram of produced plastic carrier bags as drafted by the Ministry of Finance appears to only make an impression on figures. Since the end of the period of 2014-2016, during a training course at a UK university, I have witnessed an […]
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 […]