Tag "Monetary Authority of Singapore (MAS)"

Swift Brings World Open Banking Sandbox For Fintechs

SWIFT in conjunction with Australia’s New Payments Platform (NPP) have launched a sandbox that allows independent fintechs to test the NPP network—an Australian, industry-wide infrastructure to enable almost real-time, 24/7 payments. The network is Australia’s bid to replace the clunky legacy infrastructure

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Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. In an exclusive interview (paywall) with the Business Times, Ravi Menon,

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How Singapore Measures Up To The Latest Fintech Buzzword: Artificial Intelligence

It’s been quite a few years since huge parts of our lives have ported over to digitalisation, and almost by accident, many organisations have accumulated swaths of data that they’ve more recently just realised could be turned into valuable analytics.

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MAS Issues Guidelines to Facilitate Provision of Digital Advisory Services

The Monetary Authority of Singapore (MAS)  issued the Guidelines on Provision of Digital Advisory Services, to facilitate the provision of these services in Singapore. The guidelines incorporate feedback from the public consultation as well as learning points from MAS’ engagements with the industry.

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A Definitive Guide to Southeast Asia’s Payments Scene in 2018

In fintech’s genesis across Asia, it seemed like all of the new developments were focused on streamlining payments without coincidence, around the time that e-commerce experienced its boom too. Now, that trend seems to be making a grand return with

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2 Game-Changing Developments From MAS that Happened in September 2018

Singapore has aspirations towards becoming a fintech hub in the ASEAN region, and global eyes have been raptly observing the island nation’s progress. Singapore is said to be welcoming of outside talents if they have a good idea to elevate

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Fintech Agreement Between Singapore and Dubai Financial Services Authorities

The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities. The Agreement reflects the commitment of both authorities to support the continuous

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FundedHere To Cease FundedX’s Operations, Unauthorised to Operate Secondary Market

Following our earlier story on the launch of FundedX, a private exchange to trade shares of high growth startups, FundedHere told in a statement to Fintech News Singapore that they do not possess the necessary licensing to carry the activity.

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MAS Warns 8 Digital Token Exchanges and ICO Issuer

The Monetary Authority of Singapore (MAS) has warned 8 digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorisation. It also warned an Initial Coin Offering (ICO) issuer to

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Facial Recognition to Protect Singapore Bank Card Holders Rolled Out

Finda System, a fintech company offeringc solutions to the banking sector, announced receiving grant from Monetary Authority of Singapore (MAS) through the central bank’s FSTI (Financial Sector Technology and Innovation) Proof of Concept Scheme. This scheme is aimed at supporting

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