Tagged: sopnendu mohanty

Singapore: MAS Looks to Speed Up the Regulation Process with a Fintech “Sandbox Express”

The Monetary Authority of Singapore (MAS) has proposed an expedited process for aspiring Fintechs participating in their regulatory Sandbox. First launched in 2016, the Singapore Fintech Sandbox seeks to foster a mutually beneficial relationship between innovator and regulator.  In an industry with profound compliance requirements, the regulator is exposed to entrepreneurs seeking to… Read More

Singapore Fintech Festival: Global Fintech Hackcelerator Winners Announced

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

Singapore Exchange & Monetary Authority of Singapore Move Forward on Tokenized Assets Across Different Blockchains

Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) have announced a successful blockchain pilot of “Payment (DvP) capabilities for the settlement of tokenized assets across different blockchain platforms.” The two entities have a goal of simplifying back-office operations, post-trade processes while shortening trade settlement… Read More

Monetary Authority of Singapore Posts Finalists for 2018 Fintech Awards

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

Monetary Authority of Singapore and Dubai Financial Services Authority Strengthen Fintech Relationship

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

Singapore Exchange and the Monetary Authority of Singapore, Join to Offer Tokenized Securities Using Blockchain. Partners Include: Nasdaq, Deloitte, & Anquan

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

Monetary Authority of Singapore Announces Third Edition of the Singapore Fintech Festival to Be Held November 2018

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

Lithuania and Singapore to Cooperate on Fintech Innovation

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to collaborate and mutually support the development of the Fintech ecosystems and encourage financial innovation between the two countries. Today, MAS and the Bank signed a Fintech Co-operation Agreement during the Money… Read More

Singapore and Egypt Work to Boost Fintech as Monetary Authority of Singapore and Central Bank of Egypt Sign Co-operation Agreement

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) have announced a cooperation agreement to boost Fintech innovation between the two countries. MAS has initiated many of these bilateral agreements and is core to their strategy of being a global Fintech… Read More

Singapore Updates on Payments Council as Quick Response Code Specifications for Electronic Payments is Endorsed

The Monetary Authority of Singapore has posted an update on the Singapore Payments Council. According to MAS, the COuncil has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets,… Read More

Singapore Says $2 Billion in Funding Available for Fintech Startups via FinTech Festival Investor Summit

The Monetary Authority of Singapore (MAS) is reporting that up to USD $2 billion was made available to Fintech startups at the annual Singapore FinTech Festival Investor Summit.  MAS reports that 1000 attendees, including entrepreneurs and investors, participated in the “Deal Day” at the finale. … Read More

Monetary Authority of Singapore Sponsors “World’s Largest” Fintech Festival this Week in Singapore

The Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and with SingEx Holdings, kick off the Singapore FinTech Festival today. This is the second edition of the week-long event that promises to provide a forum for the Fintech… Read More

Singapore Banks Push Forward with Blockchain as MAS & ABS Announce Decentralized Prototypes

Blockchain or Distributed Ledger Technology (DLT) is pretty much accepted as the future of banking. A bigger question is whether or not banks will continue to exist, at least in present form.  Banks that embrace change and innovation stand a better chance to evolve and… Read More

CFTE Teams Up With MAS to Expand Fintech Education Initiative Into Singapore & ASEAN

The Centre for Finance, Technology, and Entrepreneurship (CFTE) announced on Tuesday it has formed a partnership with the Monetary Authority of Singapore (MAS) to formalize plans to expand its education initiative to ASEAN. According to the organization, the prime objective is to train finance professionals in… Read More

Monetary Authority of Singapore Signs MOU on Fintech with ASBA

  The Monetary  Authority of Singapore (MAS) has inked another Fintech agreement. This time MAS as signed a Memorandum of Understanding (MOU) with the Association of Supervisors of Banks of the Americas (ASBA). The ASBA helps to develop and promote bank supervisory practices throughout the… Read More

The Monetary Authority of Singapore & the International Finance Corporation Join in Fintech Cooperation

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

MAS: Singapore FinTech Festival Returns in November

The Monetary Authority of Singapore (MAS) has announced the 2nd edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. The event is organized in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx… 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

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