Tagged: monetary authority of singapore

Singapore on Regulating Fintech: “Financial Regulators Should not be Afraid to Work Collaboratively”

This is a special time of the year in Washington, DC. It is the annual Spring Meetings of the IMF and World Bank meaning a diverse group of policymakers and regulators descend upon the US Capitol clogging restaurants and over-booking hotels. This also means there… Read More

Monetary Authority of Singapore & United Nations Capital Development Fund Look to Boost Digital Financial Services in ASEAN Region

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) under the ongoing UNCDF’s SHIFT (Shaping Inclusive Finance Transformations) have partnered on a program to increase digital financial services across the ASEAN region. According to MAS, the two entities will explore opportunities… Read More

The New Financial World Order: Singapore & China Strengthen Financial Relationship at Singapore – Shanghai Financial Forum

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

France & Singapore Boost Fintech Ties with Agreement Between MAS & ACPR / AMF

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

IBM Launches New Developer Tools for Financial Services & Announces Monetary Authority of Singapore Supported Fintech Hub

On Monday, IBM announced the launch of its new developer tools specifically for financial services, which is known as the IBM Cloud for Financial Services. The new tools will notably offer the “essential building blocks” for financial services app creations. IBM reported that over 100,000… Read More

Singapore & Japan to Cooperate on Fintech Innovation

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

Money20/20 Gears Up for Inaugural Fintech Event: Money20/20 Asia

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

Monetary Authority of Singapore Works to Boost Blockchain Utilization: Looks to Central Bank Digital Currency

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

MAS-Backed: Startupbootcamp FinTech Announces Startups Joining Singapore Accelerator Program

Startupbootcamp FinTech, the global accelerator for fintech startups, has announced the 12 international startups that will join its accelerator program in Singapore. The cohort was selected after a final evaluation from a panel of industry experts and VCs, covering multiple aspects of the fintech sector including wealth… Read More

Singapore & Abu Dhabi Sign Cooperation Agreement on Fintech Innovation

  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

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

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

Monetary Authority of Singapore Launches Essay Competition on Disruptive Technologies

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

Singapore Reaffirms Fintech Collaboration with Shanghai

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

Singapore Lures Global Fintech Startups with Money & Guidance

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

Here is the MAS Response to Feedback for the Fintech Sandbox Guidelines

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

Monetary Authority of Singapore Issues Fintech Sandbox Guidelines

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

Fintech Festival Kicks Off in Singapore with Backing from MAS and ABS

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

MoolahSense Receives Capital Markets Services from Monetary Authority of Singapore

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

R3 Announces Partnership With Monetary Authority of Singapore: Set to Launch Asia Blockchain Center of Excellence

On Tuesday, financial innovation firm R3 announced it is teaming up with the Monetary Authority of Singapore (MAS) to launch its dedicated distributed ledge technology (DLT) Center of Excellence in Asia. This is part of the company’s region expansion plans. The new R3 Asia Lab… Read More

Fundnel Receives Capital Markets Services Licence From Monetary Authority of Singapore

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