Tagged: sopnendu mohanty

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

Monetary Authority of Singapore Works to Boost Blockchain Utilization: Looks to Central Bank Digital Currency

The Monetary Authority of Singapore (MAS) has concluded a “proof-of-concept project” to conduct domestic inter-bank payments using distributed ledger technology (DLT) also commonly referenced as Blockchain. The project, in partnership with R31 and a consortium2 of financial institutions, was first announced in November 2016. “This wholesale payments project… Read More

Singapore & Abu Dhabi Sign Cooperation Agreement on Fintech Innovation

  The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a “Cooperation Agreement” (CA) to encourage closer cooperation on the development Fintech. The agreement seeks to foster entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. … Read More

Fintech Festival Kicks Off in Singapore with Backing from MAS and ABS

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

Citi Debuts Global API Developer Hub (Video)

Citi announced on Thursday the launch of its new global API Developer Hub. The high profile banking brand revealed the hub was created as a way to connect with developers and enable them to build innovative client solutions. Citi reported that through the global API… Read More

R3 Announces Partnership With Monetary Authority of Singapore: Set to Launch Asia Blockchain Center of Excellence

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

Singapore Signs Fintech Cooperation Agreement with South Korea

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

Singapore Signs Cooperation Agreement with Southern India State of Andhara Pradesh

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

Monetary Authority of Singapore Opens Fintech Innovation Lab

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

Singapore: MAS & ABS to Hold Inaugural Fintech Awards

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

Monetary Authority of Singapore Selects Former Citibank Exec Sopnendu Mohanty to Head Fintech & Innovation Group

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