Tag "Monetary Authority of Singapore"

MAS Warns Public Against Websites Faking DPM Tharman’s Quotes to Sell Bitcoin

The Monetary Authority of Singapore (MAS) has issued a warning about fraudulent websites soliciting bitcoin investments using fudged comments that they’ve attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. Screenshots of the website depict fake articles that are

Read More

MAS Consults On Measures To Strengthen Cyber Resilience Of Financial Institutions

The Monetary Authority of Singapore (MAS) issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber

Read More

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

Read More

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

Read More

After Temasek Investment, P2P Lender Validus Surpasses $100 Mil In Funding

Validus, co-founded by former DBS Bank SME head Ajit Raikar is a peer-to-peer (P2P) lending platform that helps connect Singapore’s small and medium enterprises (SMEs) to accredited investors and financial institutions. Just recently, they announced that they have facilitated over

Read More

FinTech Cooperation between Singapore and India

The Department of Economic Affairs (DEA), Government of India, and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding to strengthen cooperation in financial innovation between Singapore and India, through the establishment of a Joint Working Group (JWG).

Read More

Singapore and Brunei Enhance Cooperation in Fintech

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on

Read More

Asia-Pacific Fintech Market to reach US$72 billion by 2020

Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017. New innovations are expected to radically transform the way consumers

Read More

Singapore ICO Guideline Released: Issuers May Apply for Sandbox

In light of the increased popularity of ICOs in Singapore, Monetary Authority of Singapore (MAS) published today their guidelines for digital token offerings, more popularly known as ICOs. The guidelines states that if the token is used as a capital

Read More

InsurTech Is Disrupting Insurance Forever – Will There Still Be a Place for Human Financial Advisors?

Wave after wave of technological disruption has hit us in recent years and it looks like the insurance industry is next in line. Insurtech is the new tradename for an aggressively growing group of apps, software’s, and startups reinventing a

Read More