FinVolution Group Receives Capital Markets Services License from Monetary Authority of Singapore
FinVolution Group, a leading FinTech platform in China, has announced that it’s subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore.
Securing the CMS license marks another significant milestone for the Company as it expands and strengthens its presence in Southeast Asia to develop comprehensive financial services in the region, the firm said in a press release.
FinVolution's mission to leverage state-of-the-art technology to improve and make financial services more accessible to its users perfectly complements Singapore's vision to be a leading innovative FinTech hub.
Tiezheng Li, President and Deputy Chairman, FinVolution, said: “Our continued progress in the region cements our belief that ASEAN will be another fast-growing market for the company.”