Tagged: monetary authority of singapore

June 7, 2016 @ 1:55 pm By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes, according to a release. The proposal aims to enable firms to experiment with new technology in an environment of relaxed rules and appropriate safeguards. The consultation will… Read More

April 1, 2016 @ 10:14 am By JD Alois  |  

Like much of the rest of the world, Singapore is embracing Fintech and looking to give financial innovation a boost by launching the SG-Innovate Fintech hub.  Fintech in Singapore received a small but important mention in the most recent governmental budget stating; “To give these… Read More

March 21, 2016 @ 8:31 am By JD Alois  |  

FundedHere, an equity and debt based crowdfunding platform, has claimed the title of “First” as it has received a Capital Markets Services (CMS) license on March 18, 2016 to operate by the Monetary Authority of Singapore (MAS). The license allows FundedHere to deal in securities… Read More

January 12, 2016 @ 9:30 am By Benjamin Twoon & Justin Chow  |  

Southeast Asia (SEA) represents a burgeoning regional economy comprising of 11 countries with a consolidated GDP of US$2.57 trillion (that’s approximately 15% the size of the US economy), and a combined population of 620 million people. It’s no wonder that there’s a buzz around the… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

July 28, 2015 @ 11:55 am By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has announced the formation of a new Fintech & Innovation Group (FTIG) to be headed up by former Citibank executive, Sopnendu Mohanty. Effective August 1, FTIG will be responsible for creating development strategies and regulatory policies around technology innovation… Read More

March 2, 2015 @ 11:48 pm By JD Alois  |  

Singapore’s first true equity crowdfunding platform, FundedHere, launched today its platform to facilitate equity-based funding and venture debt for start-ups in the region from as low as S$5,000 (US$3,700). The new investment platform is viewed as a “springboard to fund projects in the region”. FundedHere… Read More

February 16, 2015 @ 12:13 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has released a document outlining the proposals to introduce investment crowdfunding in Singapore.  Comments are being accepted on the consultation paper until March 18th.  The widely expected publication is in recognition of the shift from traditional forms of finance… Read More