Tagged: mas

April 12, 2017 @ 10:44 am By JD Alois  |  

Crowd Genie, a small business lending platform, has received regulatory approval from the Monetary Authority of Singapore (MAS). Crowd Genie was granted a Capital Markets Services (CMS) license from MAS, an important development for the peer to peer lending platform. Crowd Genie has been in… Read More

April 12, 2017 @ 9:36 am By JD Alois  |  

Global economic powerhouse Singapore is tightening its relationship with China as indicated by the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today.  The SSFF is an annual forum that seeks to bring together financial industry participants from Singapore and Shanghai to discuss pertinent market developments and… Read More

March 27, 2017 @ 10:36 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is continuing its push to collaborate with financial regulators around the world to improve Fintech innovation and collaboration. MAS today announced a cooperation agreement with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés… Read More

March 16, 2017 @ 9:04 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), has proposed a limitation on the usage of coins for payment of goods and services. Recognizing the waning importance of coin-based currency, MAS pitched new legal tender limits as follows: A legal tender limit of 10 coins per denomination… Read More

March 16, 2017 @ 8:56 am By Erin Hobey  |  

Launched only 19 months ago, Silver Bullion Pte Ltd‘s bullion has secured P2P loan platform has matched 1000 loans. While it took roughly 13 months to match its first500 loans, it took only another 6 months for Silver Bullion to reach 1000 loans. One of… Read More

March 13, 2017 @ 9:23 am By JD Alois  |  

Less than a week after Japan inked an agreement to partner with the Financial Conduct Authority in the UK, the Financial Services Agency (FSA) in Japan has announced a cooperation framework with the Monetary Authority of Singapore (MAS). Similar to other existing arrangements by MAS,… Read More

March 9, 2017 @ 12:07 pm By JD Alois  |  

Money20/20, one of the world’s largest Fintech events, is gearing up for the inaugural Money20/20 Asia.  At a recent press event, Philip Thomas, CEO, Ascential Events, outlined why Singapore had been selected as a host city for the first ever Money20/20 event. Thomas said that… Read More

March 9, 2017 @ 8:49 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has concluded a “proof-of-concept project” to conduct domestic inter-bank payments using distributed ledger technology (DLT) also commonly referenced as Blockchain. The project, in partnership with R31 and a consortium2 of financial institutions, was first announced in November 2016. “This wholesale payments project… Read More

March 8, 2017 @ 7:59 am By JD Alois  |  

  The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a “Cooperation Agreement” (CA) to encourage closer cooperation on the development Fintech. The agreement seeks to foster entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. … Read More

February 14, 2017 @ 8:23 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

February 2, 2017 @ 11:14 pm By Martin Baker  |  

The State of Fintech in the United Kingdom. Observers in London see a paradox at the heart of today’s financial technology sector. If Fintech is all about playing the cutting edge and disrupting the mainstream, how come so many Fintech players and commentators obsess so… Read More

January 12, 2017 @ 8:33 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched an essay contest on “The Impact of Disruptive Technologies.” Coming from a securities regulator that theme most certainly includes the impact of Fintech innovation. The essay competition is open to all pre-university students studying in Singapore regardless… Read More

November 30, 2016 @ 8:17 am By JD Alois  |  

Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore, delivered a wide-ranging speech today at the 2nd Shanghai-Singapore Financial Forum in Shanghai. Lo acknowledged the opportunities that exist between China and Singapore noting that China may become 1/3 of the world’s economy by… Read More

November 21, 2016 @ 11:12 am By JD Alois  |  

As part of the first annual Fintech Festival, Singapore gifted S$1.15 million to ten different Fintech firms. Sponsored by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), a list of 200 global Fintech firms were narrowed down to 40… Read More

November 21, 2016 @ 9:39 am By JD Alois  |  

Singapore is on a mission to become the global leader in Fintech innovation. From fast-tracking the creation of a regulatory Sandbox to launching the largest Fintech hub in the world, Singapore envisions a world-leading ecosystem – not just a regional hub. As part of the… Read More

November 17, 2016 @ 2:00 am By JD Alois  |  

While the UK has been the trailblazer in the creation of the concept of a regulatory Sandbox for innovative financial firms, the rest of the world has seen the light and moving forward with their own Fintech Sandbox structures. The UK understood that rule written… Read More

November 16, 2016 @ 8:16 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published its Fintech “regulatory sandbox” guidelines. The intent is to encourage and enable experimentation of solutions that leverages technology innovatively to deliver improved financial products and services to both consumers and businesses. The Sandbox guidelines have incorporated feedback… Read More

November 14, 2016 @ 8:20 am By JD Alois  |  

The very first Singapore Fintech Festival kicked off today with important support from the Singapore government. Both the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) partnered on launching the inaugural event.  The week long Fintech gathering expects to have… Read More

November 11, 2016 @ 8:07 am By JD Alois  |  

MoolahSense , a P2P lender, has received a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).  The CMS license, issued today, was for “dealing in securities”.  MoolahSense reports that is is the “first marketplace lending platform in Singapore to be granted… Read More

November 3, 2016 @ 10:19 pm By JD Alois  |  

Fundnel, a funding ecoystem based in Singpore, has received a provisional Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). Fundnel said this was the first issued by MAS for any private investing platform.  Receipt of the licence allows Fundnel to market… Read More