Tagged: monetary authority of singapore

May 2, 2019 @ 10:48 am By JD Alois  |  

The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful “experiment” of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has… Read More

March 5, 2019 @ 11:00 am By JD Alois  |  

A new report by the Cambridge Centre for Alternative Finance (CCAF) states that if properly regulated, Fintech can “extend the benefits of financial inclusion to millions of unbanked and underbanked people around the world.” Fintech has the potential to provide enormous benefit for the less… Read More

January 29, 2019 @ 8:06 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued another warning regarding bogus websites promoting fraudulent cryptocurrency investments that are claimed to be supported by the government of Singapore. MAS provided a single example of a fabricated CNBC site that prominently states: “Singapore Officially Backs a… Read More

January 24, 2019 @ 8:41 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has shut down a security token offering (STO) for a “regulatory breach.” MAS said the issuer in question failed to comply with advertising restrictions. Specifically, the STOs legal advisors promoted the offering on LinkedIn calling attention to the offering…. Read More

January 14, 2019 @ 8:12 am By JD Alois  |  

Seeking to boost their prominence as an equity financing hub in Asia, the Monetary Authority of Singapore (MAS) has announced a grant of S$75 million to help businesses raise funding via the Singapore equity market. Singapore is one of the most business-friendly jurisdictions in the… Read More

December 3, 2018 @ 11:07 am By Samantha Hurst  |  

The Monetary Authority of Singapore (MAS) announced on Monday the launch of a new S$30 million Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity. According to MAS, the Grant was… Read More

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