Tagged: monetary authority of singapore

November 25, 2018 @ 7:11 pm By JD Alois  |  

Following the recent Fintech Festival in Singapore, the Monetary Authority of Singapore (MAS) has completed a new regulatory framework for payment services in Singapore. The Payment Services Bill is said to provide a “more conducive environment for innovation in payment services, whilst ensuring that risks across the payments… Read More

November 14, 2018 @ 2:58 pm By Samantha Hurst  |  

On Wednesday, The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival. The FinTech Awards, which is supported by PwC, recognizes innovative fintech… Read More

November 13, 2018 @ 3:30 pm By Samantha Hurst  |  

The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Cooperation Agreement was signed by Mukhtar Bubeyev, Acting… Read More

November 13, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore has announced a $5 billion program where the money is placed with private equity and infrastructure fund managers. The announcement was made during the weeklong Singapore Fintech Festival – an event that attracts tens of thousands of attendees each year…. Read More

November 13, 2018 @ 8:06 am By JD Alois  |  

Today, the Monetary  Authority of Singapore (MAS) has announced the winners of their annual Global Fintech Hackcelerator which takes place during the Singapore Fintech Festival each year. Three winners have been selected from a group of 20 finalists. KPMG assisted in the competition. “The Global… Read More

November 12, 2018 @ 8:04 am By JD Alois  |  

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) helped to kick off the annual Singapore Fintech Festival today with a wide-ranging speech on the benefits of financial innovation. Singapore has become a hub in southeast Asia for Fintech development. The Festival attracts thousands… Read More

October 22, 2018 @ 9:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is reporting that investors attending the Singapore FinTech Festival have committed to investing $12 billion into ASEAN firms over the next two years. The 380 investors plan to dedicate USD $6.2 billion over the next year and an additional… Read More

October 11, 2018 @ 9:43 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, or “Otoritas Jasa Keuangan” (OJK), have signed a memorandum of understanding (MOU) to boost Fintech cooperation and foster innovation in financial services between the two countries. The MOU is… Read More

October 8, 2018 @ 9:41 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the shortlist of finalists for their 2018 Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival. MAS reports that 514 different Fintech firms applied with 60 finalists, from 40 different countries, being selected. Over half… Read More

September 19, 2018 @ 9:06 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a public warning on bogus websites that are soliciting investments in Bitcoin. At least two of these sites is using “fabricated comments” attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. MAS says the statements attributed to… Read More

September 13, 2018 @ 9:01 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) has signed an agreement to collaborate on Fintech innovation. MAS has signed many of these types of agreements over the past several years. The CFTC is unique in the US as… Read More

August 29, 2018 @ 10:05 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have strengthened their pre-existing Fintech relationship with a new agreement. According to MAS, this most recent collaboration will see mutual referrals of promising Fintech firms between the two jurisdictions.  The agreement is… Read More

August 24, 2018 @ 10:03 am By JD Alois  |  

In a significant move by the Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX), the government entities announced its intent to offer digital assets including tokenized securities and virtual currencies. MAS and SGX will develop “Delivery versus Payment (DvP) capabilities” by using different blockchain… Read More

July 4, 2018 @ 11:09 am By JD Alois  |  

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), delivered a speech today at the MAS Annual Report Media Conference. Within the prepared remarks, Menon revealed that “Fintech alone is estimated to have contributed close to 2,000 of the net jobs created during… Read More

June 2, 2018 @ 10:45 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Department of Economic Affairs in India have signed a Memorandum of Understanding (MOU) to further Fintech cooperation between the two countries. Singapore has an extended history in establishing bilateral relationships regarding its pursuit of Fintech growth.  The… Read More

May 28, 2018 @ 8:56 am By JD Alois  |  

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. According to KPMG, this year’s program will focus on 80 problem statements in the following 4 categories:… Read More

May 24, 2018 @ 9:31 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a warning to eight cryptocurrency exchanges operating in Singapore. The notice told the exchanges NOT to facilitate trading in digital tokens nor future contracts without the explicitly authorization by MAS. The warning targeted security tokens and it… Read More

May 7, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced that it is working with a consortium of agencies to accelerate the utilization of artificial intelligence (AI) in the financial services sector. MAS has always sought to keep Singapore at the forefront of Fintech innovation and encouraging… Read More

May 2, 2018 @ 1:09 pm By Samantha Hurst  |  

The Monetary Authority of Singapore (MAS) announced on Tuesday that the third edition of the Singapore Fin Festival will be held on November 12th through the 16th. The organization reported that this year’s festival will include two new “elements,” which are the following: ASEAN FinTech Showcase:… Read More

April 25, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV) have agreed to form a new partnership to encourage Fintech innovation while simultaneously strengthening cooperation in banking supervision. MAS has signed numerous bilateral Fintech agreements with many different jurisdictions. The strategy has… Read More