MASRSS

Singapore regulator gives and takes advice on robo-advice

Monetary Authority of Singapore

The humans at the Monetary Authority of Singapore (MAS) have laid down some guidelines and want opinions on providing robo-advisory services. In a consultation paper released today (7 June), MAS says it seeks to support innovation in financial services by recognising the unique characteristics of digital platforms. MAS states that financial institutions (FIs) regulated under […]

IFC and Singapore regulator are AFIN it large for Asian innovation

Monetary Authority of Singapore

International Finance Corporation (IFC) and the Monetary Authority of Singapore (MAS) are working together to establish and develop their ASEAN Financial Innovation Network (AFIN). IFC, a member of the World Bank Group, and MAS have signed a memorandum of co-operation. Through AFIN, they plan to establish a regional network to help financial institutions, fintech firms […]

Singapore regulator and UN team up for ASEAN financial inclusion

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have teamed up to improve access to digital financial services in the ASEAN region. The partnership is under the ongoing UNCDF’s Shift (Shaping Inclusive Finance Transformations) programme for development in this part of the world. Sopnendu Mohanty, chief fintech officer, MAS, […]

Singapore and France boost fintech ties

France and Singapore Flags

The Monetary Authority of Singapore (MAS) has signed agreements with France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) to enhance fintech co-operation between both countries. ACPR is responsible for supervising the banking and insurance sectors in France, while AMF is an independent public authority responsible for ensuring […]

Singapore and Japan set up fintech framework

Japan

The Financial Services Agency of Japan (JFSA) and the Monetary Authority of Singapore (MAS) have established a co-operation framework for fintech links between both countries. The framework enables MAS and JFSA to refer fintech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions with the regulatory […]

Monetary Authority of Singapore and R3 power blockchain payments project

Singapore-listed stocks can now be traded in London

The Monetary Authority of Singapore (MAS) is partnering with R3, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using blockchain. This project, which is seen as a rival to Swift’s network, will potentially create a payment system for participants to transact in different global markets round-the-clock. Sopnendu Mohanty, chief […]

Data gets greater with new Singapore group

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) has set up a new Data Analytics Group (DAG) with effect from 15 March 2017 as it looks to improve the financial sector and digital economy. DAG will use data analytics for insights, “enhance the supervision” of financial institutions, make regulatory compliance better for financial institutions, and improve work […]

Move over, London and Berlin, Singapore’s fintech ecosystem is surging ahead

Singapore makes fintech flourish

In her new column for Banking Technology, Devie Mohan, a fintech market strategist, looks at how Singapore has created a fintech ecosystem that is a major threat to the ones in London and Berlin.

Credit where it’s due – why the Singapore regulator has it right on security

Eric Chiu HyTrust high-res

What does the Monetary Authority of Singapore have to do with virtualised data centres and cloud computing? Security measures that, among other policies, go a long way toward preventing attacks by rogue operators working on the inside, for one thing.

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