Tag "MAS"

Top-5 Countries to Setup Fintech & Blockchain Startups

While the coherent regulation of blockchain and fintech industry is yet to be developed, fintech startups find themselves navigating through regulatory jungles of various dos and don’ts when formulating their business models. Recent actions and statements of most state regulators

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A Rewards Platform for SMEs Cinches Polytechnic Students Victory in MAS Hackathon

The Monetary Authority of Singapore, together with five local polytechnics and 12 industry partners came together to hold the inaugural PolyFinTech 100 API Hackathon. The hackathon which started on the 2nd of June drew in close to 130 participants, who

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MAS Directs Financial Institutions to Tighten Customer Verification Process

The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, directing them to tighten their customer verification processes. This follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed

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ICO in Philippines Gaining Ground in Fintech Regulation

Developments about fintech regulations in the Philippines seem to be working to the advantage of fintech companies who do ICOs. Unlike in China where ICOs were banned in the country’s capital markets last year, the conduct of ICO in the

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Smartfunding Awarded CMS Licence By Monetary Authority Of Singapore

SmartFunding Pte. Ltd. has been granted the full Capital Markets Service Licence for Dealing in Securities by the MAS, effective from 3 November 2017. The company launched its P2P lending platform in early 2016 and made its application to the

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Singapore’s Roadmap For A Leading Global Financial Centre In Asia

The Monetary Authority of Singapore (MAS) released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption. 2   Speaking at the launch

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Economic Possibilities Of Blockchain Technology for Singapore

Economic Possibilities of Blockchain Technology” – Keynote Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Global Blockchain Business Conference  in Vizagcity on 9 October 2017: I am delighted to be here in Andhra Pradesh – the land

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MAS And ABS Lead Consortium To Harness Blockchain Technology For More Efficient Inter-Bank Payments

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity

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Parliamentary Question On The Use Of Cryptocurrency In Singapore And Measures To Regulate Cryptocurrency And ICO’s

Question: To ask the Minister for Finance (a) how prevalent is the use of cryptocurrency in Singapore; and (b) what measures will MAS introduce to regulate Initial Coin Offerings (ICOs). Name and Constituency of Member of Parliament: Answer by Mr

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MAS Announces Finalists for the Global FinTech Hackcelerator and FinTech Awards

The Monetary Authority of Singapore (MAS) announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival, which will take place in

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