Archives

June 29, 2021 @ 7:16 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) reveals that it has introduced an international challenge for retail central bank digital currency (CBDC) solutions. The Global CBDC Challenge from the MAS will aim to find innovative retail CBDC solutions to improve existing payment processes while promoting greater… Read More

June 10, 2021 @ 7:32 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of the city-state, confirmed recently that it will be setting aside $1.8 billion for Climate-related investment initiatives. The MAS, which administers the various statutes pertaining to money, banking, insurance, securities, and the… Read More

May 9, 2021 @ 9:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of Singapore revealed on May 6, 2021 that it has introduced the sixth edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance.” As mentioned in the… Read More

January 5, 2021 @ 10:49 am By JD Alois  |  

Singapore is a jurisdiction that has worked to enable innovation in financial services. A collaborative government that encourages the financial regulator, the Monetary Authority of Singapore (MAS), to enable change has created a robust Fintech ecosystem. MAS has long operated a regulatory Sandbox to help… Read More

November 25, 2020 @ 11:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has posted the 20 finalists for the 2020 Global Fintech Hackcelerator, an annual event that saw aspiring firms look to adapt to the challenges of COVID-19. MAS states that the Global Fintech Hackcelerator identifies innovative market-ready solutions to address… Read More

November 4, 2020 @ 10:16 am By JD Alois  |  

In 2019, the Monetary Authority of Singapore (MAS) launched a consultation on the Payment Services Act (PS Act) that in relation to AML/CFT, and other amendments in respect of digital payment token (DPT) service and certain technical amendments. The consultation address certain proposed amendments to… Read More

August 14, 2020 @ 12:43 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, recently revealed that it will commit S$250 million (appr. $182 million) in capital over the course of the next three years, in order to support the country’s financial industry. The funds are being… Read More

June 8, 2020 @ 10:22 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched the S$ 1.75 million MAS Global Fintech Innovation Challenge. The competition seeks Fintech solutions that can help financial institutions respond to COVID-19 and climate change. MAS said the theme for the competition is “Building Resilience, Seizing Opportunities,… Read More

June 2, 2020 @ 10:31 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has recently created a section of its website outlining the support programs for domestic Fintechs. Singapore has long advocated on behalf of innovation in financial services and MAS has a long history of public-private partnerships in support of the… Read More

August 19, 2016 @ 10:52 am By Erin Hobey  |  

Financial regulation alterations are underway in order to ensure that electronic payments can be facilitated in Singapore making good on the city-state’s promise that this region is dedicated to becoming a fintech center, according to a release. The Monetary Authority of Singapore (MAS) intends to streamline existing its… Read More

August 2, 2016 @ 9:05 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has created an blue ribbon International Technology Advisory Panel (ITAP) to advise MAS on global Fintech developments. The list of participants is highly impressive roster of Fintech leaders.  The Panel includes: Dr. Andreas Braun – Head of Global Data… Read More