Search Results for "mas"
Mastercard Partnership with Alipay Offers Faster, Secure Remittances to China
Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipay to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. Mastercard’s initiative is expected to be a boon for
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MAS to Launch Revised Fair Dealing Guidelines for Greater Consumer Protection
The Monetary Authority of Singapore (MAS) is set to update its Guidelines on Fair Dealing within the coming weeks, signaling a major step towards enhancing customer protection across all financial sectors. Announced by Ho Hern Shin, Deputy Managing Director (Financial
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Crypto Exchange Bitstamp Secures In-Principle Approval from MAS
Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the
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Currencycloud Gets In-Principle Approval for Payments License From MAS
Currencycloud, a provider of B2B embedded cross-border solutions, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval, once finalised, will allow Currencycloud to offer a wider range of financial
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MAS and Singapore Police Probe Samlit Moneychanger Amid Fraud Allegations
A major investigation is underway in Singapore involving the police and the Monetary Authority of Singapore (MAS) against two key figures of Samlit Moneychanger, a licensed payment services provider. A 43-year-old woman, serving as the Director, and a 34-year-old man,
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MAS Warns Financial Institutions of Quantum Computing Cyber Threats
The Monetary Authority of Singapore (MAS) has cautioned financial institutions on the cybersecurity vulnerabilities introduced by the advent of quantum computing. Quantum computers, which leverage the principles of quantum mechanics, promise to revolutionise various industries by processing certain mathematical problems
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How Will MAS New Amendments Impact Financial Crime Enforcement
The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies a strategic overhaul aimed at enhancing the regulatory and enforcement framework governing Singapore’s financial sector. This move is indicative of
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Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India
The Reserve Bank of India (RBI) has directed major card networks Visa and Mastercard to pause transactions involving card-based payments for commercial services like rent or vendor payments that are processed through third-party fintech companies, according to Reuters. This directive,
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Temasek Divests Entire Stake in PolicyBazaar’s Parent Firm for US$292M
Singapore’s sovereign wealth fund Temasek has offloaded its entire holdings in PB Fintech, the parent company behind insurance broker PolicyBazaar and consumer credit marketplace PaisaBazaar, according to Mint. This transaction, completed through a block sale, is valued at approximately INR
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Mastercard Taps Gen AI for Faster, More Accurate Payments Fraud Detection
Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. This move aims to bolster the Mastercard’s Decision Intelligence (DI) system, a real-time decisioning tool that currently facilitates the safe authorisation
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