September 25, 2016

News & Articles


Personal Data Protection Act – Actions needed by Money Changers

Sep
23

Introduction High profile data breaches seemed to be in the spotlight in the past week.  On 15 Sep 2014, M1 had to abruptly suspend the iPhone 6 online pre-order after a customer managed to gain access to forms containing personal data of other customers. One day later, on a separate unrelated incident, hackers breached the database of popular karaoke company K-box, and published more than 317,000 customers’ personal details containing the mobile numbers, identification card


MoneyConnect Sentinel-MC – AML/CFT solution on tablets

Jul
28

Ingenique is pleased to announce the General Availability of Sentinel-MC – our solution to AML/CFT (Anti Money Laundering/ Counter Financing of Terrorism) for Money Changers.  Sentinel-MC is fully integrated with our MoneyConnect System, and it allows Customer Due Diligence (CDD) to be conducted at the point of sales using MoneyConnect tablets. Key features: Compliance with MAS Notice 3001.   Sentinel-MC is designed to meet the rigorous requirements of MAS Notice 3001 for money changers.  From


How to set up a money changer business?

Jun
05

Singapore, being an international financial centre and a tourist hub, has a relatively safe and secure environment for money changers to conduct their business.  This post is a digest of the key requirements in setting up a money changing business in Singapore. Money changing involves the buying and selling of foreign currency notes and may be conducted under a sole proprietorship, partnership or company. In Singapore, there are currently 382 licensed money changers (as at


Rates Stream – Forex rates at your fingertip

May
25

Ingenique is pleased to announce the General Availability of Rates Stream – our live stream of forex rates to our MoneyConnect System.  With Rates Stream, inter-bank rates will be broadcasted to all the connected handheld tablets, and converted into retail rates using pre-defined formulas set by you. Pricing your buy/ sell trades correctly is key to the profitability of your business.  With MoneyConnect Rates Stream, inter-bank rates are continuously streamed to your MoneyConnect tablets via internet,

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