Tagged: monetary authority of singapore

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 8, 2016 @ 4:56 pm By Samantha Hurst  |  

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

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

October 24, 2016 @ 9:08 am By JD Alois  |  

The Korean Financial Services Commission (KFSC) and the Monetary Authority of Singapore (MAS) have signed a “cooperation agreement” to provide a framework to work together on Fintech initiatives.  Acdording to MAS, under the agreement the two agencies will explore potential joint innovation projects on technologies… Read More

October 22, 2016 @ 2:48 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has signed another cooperation agreement to help propel mutual interests in Fintech development.  MAS has signed an agreement to cooperate with the government of Andhra Pradesh (GoAP), a state in India. Andhra Pradesh is one of 29 states and… Read More

September 12, 2016 @ 9:23 am By JD Alois  |  

Singapore has a policy objective to become a global Fintech hub and today they are announcing another step in that direction. The Monetary Authority of Singapore (MAS) has joined with the Swiss Financial Market Supervisory Authority (FINMA) to sign an agreement to engender greater cooperation… Read More

August 30, 2016 @ 10:18 am By Samantha Hurst  |  

Last week, Hitachi, Ltd. (TSE: 6501, Hitachi) announced it has teamed up with Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for a blockchain technology project to check digitalization in Singapore. Both companies reported that they had started Proof of Concept (PoC) testing. During the PoC testing,… Read More

August 29, 2016 @ 12:14 pm By JD Alois  |  

Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS, was questioned earlier this month on the policy measures incorporated by the Monetary Authority of Singapore (MAS), in regards to investment crowdfunding. The query came from Ms. Foo Mee Har, an MP from the West… Read More

August 25, 2016 @ 9:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published a consultation paper on a payments regulatory approach. Simultaneously MAS has created a “National Payments Council” to help foster digital payments and the ascension of Fintech. Noting that presently there are multiple regulatory environments and legislation action,… Read More

August 24, 2016 @ 10:01 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has opened its Fintech Innovation Lab which has been given the name Looking Glass @MAS.  The reference to the Looking Glass is a nod to Lewis Caroll’s classic novel “Through the Looking Glass and What Alice Found in There”…. Read More

August 23, 2016 @ 10:37 am By JD Alois  |  

Last week S. Iswaran, Minister for Trade & Industry, made the statement; “FinTech is … a critical differentiator for Singapore to remain a leading financial hub in the region. Our finance and insurance sector has been a key growth contributor in recent years, and the… Read More

August 19, 2016 @ 10:52 am By Erin Hobey  |  

Financial regulation alterations are underway in order to ensure that electronic payments can be facilitated in Singapore making good on the city-state’s promise that this region is dedicated to becoming a fintech center, according to a release. The Monetary Authority of Singapore (MAS) intends to streamline existing its… Read More

August 1, 2016 @ 9:07 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are joining together on the Fintech Awards to be presented at the inaugural Singapore Fintech Festival scheduled for November 2016. Singapore is staking a claim in the Fintech sector and view… Read More

July 26, 2016 @ 12:56 pm By Erin Hobey  |  

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

July 12, 2016 @ 8:32 pm By Brock Murray  |  

The Monetary Authority of Singapore (MAS) makes its move after public consultations to provide industry direction and safeguards for retail investors. Investment crowdfunding platforms that offer debt or equity opportunities will now have to obtain a license to operate. While many may dispute the pros… Read More

June 29, 2016 @ 10:55 pm By JD Alois  |  

During a wide-ranging speech this week at the DBS Institutional Investor Symposium, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), made the statement; “As a progressive and innovative financial centre, Singapore has much to offer to global investors in opening the door… Read More