Tag "Monetary Authority of Singapore"

Deutsche Bank Joins MAS’ Project Guardian to Explore Asset Tokenisation

Deutsche Bank has announced its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian. This initiative focuses on exploring the potential of asset tokenisation in regulated financial markets. Project Guardian, a multi-year effort, involves collaboration between global policymakers such

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13 Fintech Giants Back Programme Sirius to Promote MSME Sustainability in APAC

Programme Sirius has been launched to support Micro, Small, and Medium-Sized Enterprises (MSMEs) in the Asia-Pacific region on their path towards sustainability. With the backing of 13 fintech industry leaders from 11 economies, the programme aims to bolster MSMEs’ efforts

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NGFS: Globally Coordinated Effort Needed to Unleash Full Potential of Blended Finance

The Network for Greening the Financial System (NGFS) released a new technical document, focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation. Formed in 2017, the NGFS is a

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Singapore Launches US$5 Billion FAST-P Initiative for Climate Action in Asia

Singapore has introduced a financial platform, the Financing Asia’s Transition Partnership (FAST-P), with the goal to raise US$5 billion in funds for climate action in Asia. This initiative, highlighted by Ravi Menon, Managing Director of the Monetary Authority of Singapore

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Generative AI Risks Require Guardrails, MAS Cybersecurity Panel Advises

The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) has raised awareness of the potential benefits and risks from the growing adoption of Generative AI (GenAI) by the financial sector. This is one of the key insights from

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Ravi Menon Bags IIF’s Distinguished Leadership and Service Award

The Monetary Authority of Singapore‘s (MAS) Managing Director Ravi Menon was bestowed the Distinguished Leadership and Service Award from the Institute of International Finance (IIF). The award is given to individuals who have made significant contributions to the global economy

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FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot

Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating

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MAS Outlines Standards for Digital Money in Latest Whitepaper

The Monetary Authority of Singapore (MAS) has proposed a common protocol for digital money as financial institutions and fintech firms are launching trials for purpose bound money (PBM)under different scenarios. In its latest whitepaper, MAS details technical specifications that outline

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MAS’ Longest Serving Top Chief Ravi Menon Reportedly Stepping Down This Year

The Monetary Authority of Singapore’s (MAS) longest-serving chief Ravi Menon will be stepping down as this year, according to a report by Bloomberg. Ravi, who turns 59 this year, has served for 12 years at MAS and his current term

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Singapore’s Top 5 Fintech Stories Last Year That Will Impact the Industry in 2023

It is no secret that the fintech industry in Singapore has been flourishing in recent years. This can be attributed to the city-state’s supportive ecosystem, which includes a pro-business government, a highly educated workforce, and a conducive environment for innovation

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