Tagged: mas

Monetary Authority of Singapore Launches Consultation on Payments Including Cryptocurrencies

The Monetary Authority of Singapore (MAS) has launched a second consultation on a payments regulatory framework, known as the Payment Services Bill. The Bill is designed to streamline the regulation of payment services under a single legislation, expand the scope of regulated payment activities to… Read More

Singapore Updates on Payments Council as Quick Response Code Specifications for Electronic Payments is Endorsed

The Monetary Authority of Singapore has posted an update on the Singapore Payments Council. According to MAS, the COuncil has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets,… Read More

Singapore Says $2 Billion in Funding Available for Fintech Startups via FinTech Festival Investor Summit

The Monetary Authority of Singapore (MAS) is reporting that up to USD $2 billion was made available to Fintech startups at the annual Singapore FinTech Festival Investor Summit.  MAS reports that 1000 attendees, including entrepreneurs and investors, participated in the “Deal Day” at the finale. … Read More

Singapore Creates Massive Partnership to Boost Development of Fintech Professionals

Six local universities and three governmental agencies have joined together in a “landmark” Memorandum of Intent (MOI) to create the “TechSkills Accelerators FinTech Collective. The mission is to develop industry ready professionals with the needed skills in the booming sector. The “TeSA FinTech Collective” was… Read More

Global FinTech Hackcelerator Winners Announced by MAS

The annual FinTech Festival is taking place in Singapore and there is plenty of news regarding the city wide event. The Monetary Authority of Singapore (MAS) has just announced the three winners of the Global FinTech Hackcelerator. The three winners were selected from a pool… Read More

Monetary Authority of Singapore Sponsors “World’s Largest” Fintech Festival this Week in Singapore

The Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and with SingEx Holdings, kick off the Singapore FinTech Festival today. This is the second edition of the week-long event that promises to provide a forum for the Fintech… Read More

Singapore & China Strengthen Capital Markets Cooperation as MAS & CSRC Meet

The Monetary Authority of Singapore and China Securities Regulatory Commission (CSRC) met this week in a roundtable meeting to discuss closer cooperation. This is the second meeting of its kind with the first taking place in Chongqing, China in April 2016. MAS and CSRC discussed how… Read More

Singapore’s Roadmap for a Leading Global Financial Centre Hinges on Fintech

The Monetary Authority of Singapore (MAS) has released an “industry transformation map” (ITM) for financial services. The graphic is a visual depiction of growth strategies designed to create a leading global financial centre. This “roadmap” highlights the importance of financial innovation or Fintech to the… Read More

Competing Fintech Hubs Singapore & Hong Kong Sign Cooperation Agreement

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a cooperation agreement to strengthen Fintech ties between the two Asian financial centers. There was a signing ceremony organized by HKMA today in Hong Kong. As part of the Agreement,… Read More

Monetary Authority of Singapore: DLT is a Natural Platform for Collaboration

Ravi Menon, Managing Director of the  Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen… Read More

Singapore Banks Push Forward with Blockchain as MAS & ABS Announce Decentralized Prototypes

Blockchain or Distributed Ledger Technology (DLT) is pretty much accepted as the future of banking. A bigger question is whether or not banks will continue to exist, at least in present form.  Banks that embrace change and innovation stand a better chance to evolve and… Read More

FundedHere Involves Professional Investors to Crowdfund Two Singapore Startups

FundedHere, a Singapore-based crowdfunding platform, has successfully raised S$ 505,500 for two local startups. Both campaigns included the pairing of professional investors with individuals not classified as Accredited Investors (AI).  This is a first for FundedHere and follows a recent global trend where investment crowdfunding… Read More

As Fintech Takes Hold, MAS Creates Cyber Security Panel to Address Security Concerns

The Monetary Authority of Singapore (MAS) has created an international advisory panel for cyber security – launched in recognition of the shifting environment of financial services as increasingly all services are moving online. The newly formed panel is comprised of cyber security thought leaders from… Read More

UK-Singapore Financial Dialogue Takes Place in Singapore

The United Kingdom and Singapore has held their third UK-Singapore Financial Dialogue in Singapore today (September 8).  According to information provided by the Monetary Authority of Singapore, the two countries exchanged views on domestic and international financial market developments and covered a broad range of… Read More

Singapore Payments Council Creates Taskforce for Consistent QR Code

  The Singapore Payments Council has created a task force to develop a common QR Code for the country. This is part of a broader initiative of establishing interoperable electronic payments. Singapore is keen to facilitate digital transactions. Council members advocated the use of QR… Read More

Warning! Singapore tells Consumers to Exercise Due Diligence on Initial Coin Offerings

The Monetary Authority of Singapor (MAS), along with the Commercial Affairs Department (CAD) have published a warning to consumers regarding Initial Coin Offerings (ICOs) or Token Offers and other investment schemes involving digital coins. The ICO market and affiliated Token Offerings has risen rapidly catching… Read More

CFTE Teams Up With MAS to Expand Fintech Education Initiative Into Singapore & ASEAN

The Centre for Finance, Technology, and Entrepreneurship (CFTE) announced on Tuesday it has formed a partnership with the Monetary Authority of Singapore (MAS) to formalize plans to expand its education initiative to ASEAN. According to the organization, the prime objective is to train finance professionals in… Read More

Monetary Authority of Singapore Creates Payments Council

The Monetary Authority of Singapore (MAS) will establish a “Payments Council”, a move designed to facilitate the vision of an e-payments ecosystem in Singapore. This includes the development of seamless payments solutions like PayNow, supporting the introduction and rollout of unified point-of-sale terminals at merchants, and… Read More

Singapore Concurs with US SEC: ICOs May Be Regulated as Securities by MAS

The Monetary Authority of Singapore (MAS) is out with a statement today regarding the burgeoning Initial Coin Offering or ICO market. The cryptocurrency driven funding sector has been red hot in recent months with some issuers raising tens of millions of dollars in a totally… Read More

China: WeiyangX Fintech Review

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More