Tag "Monetary Authority of Singapore (MAS)"
The Much-Anticipated Singapore Fintech Festival 2023 Is Finally Here
The eighth Singapore Fintech Festival 2023 (SFF 2023) kicks off today and will run until 17 November 2023. As one of the largest fintech festivals in the world, the event is expected to attract over 60,000 attendees from over 100
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Singapore’s BNPL Firms Must Comply With Code of Conduct by Nov 2023
The Buy Now, Pay Later (BNPL) Code of Conduct, developed by the BNPL Working Group, has entered its next phase of implementation. The working group was formed by the Singapore Fintech Association (SFA) and industry players under the guidance of
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MAS Asks Banks to Consider Seniors in Anti-Scam Measures, SRF Inclusion Possible
The Monetary Authority of Singapore (MAS) has asked banks to assess and implement customer authentication mechanisms that are more resistant to both phishing and malware attacks, taking into account the needs of seniors with limited digital literacy. These measures, when
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Elevandi Launches Japanese Subsidiary With Takeshi Kito at the Helm
Elevandi, a Company Limited by Guarantee (GLC) created by the Monetary Authority of Singapore (MAS) to manage the Singapore Fintech Festival (SFF), has expanded its global reach by establishing its first international subsidiary, ELEVANDI Japan. Takeshi Kito shared in a
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How Will DBS Bank Reclaim Trust After Service Interruptions?
DBS Bank, one of Singapore’s largest financial institutions, is facing an unexpected year of technical challenges in 2023. While digital banking has positioned itself as a convenient and efficient alternative to traditional banking methods, it’s not without its pitfalls. The
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SGQR+ May Redefine Transactions in Singapore
In the ever-evolving landscape of digital payments, interoperability has emerged as a critical factor in Singapore’s journey toward an innovative, inclusive, and efficient payment ecosystem. Quick Response (QR) code payments have swiftly emerged as the preferred payment method for businesses
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DBS Faces 6-Months Freeze on IT Changes, New Ventures, and Branch/ATM Reduction
The Monetary Authority of Singapore (MAS) has imposed a six-month pause on non-essential IT changes at DBS Bank and prohibited the bank from acquiring new business ventures in response to recent disruptions to its digital banking services. DBS had experienced
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Global Fintech Awards Finalists Announced as Momentum Builds for SFF 2023
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) announced the finalists of the Singapore Fintech Festival’s (SFF) Global Fintech Awards. Supported by PwC Singapore, the awards recognises innovative fintech solutions by corporates and individuals that have
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MAS Takes Step Towards More Interoperable QR Payments With SGQR+ Pilot
The Monetary Authority of Singapore (MAS) will launch a proof of concept (POC) for a new QR payment system called SGQR+. The POC will explore the feasibility of enabling merchants in Singapore to accept QR payments from a variety of payment
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MAS’ Ravi Menon Calls for Collective Action to Tackle Insurance Gaps
Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), highlighted critical issues surrounding Asia’s insurance protection gaps in a keynote address at the 19th Singapore International Reinsurance Conference. Menon emphasised the significant data gaps in Asia’s insurance landscape
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