Tag "Monetary Authority of Singapore"
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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MAS to Level Up Singaporeans’ Financial Health With New MoneySense Campaign
MoneySense’s “Level Up Your Financial Health” campaign has launched and will run until end November with in-person and mass media education programmes, as well as complimentary financial planning services and tools on its website. Created in 2003, MoneySense is Singapore’s
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MAS and SGX Group Launch ESG Data Portal ESGenome to Streamline Sustainability Reporting
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) jointly launched ESGenome, a digital Environmental, Social and Governance (ESG) disclosure portal. ESGenome is a Software-as-a-Service (SaaS) solution operated by World Wide Generation (WWG) that will help SGX-listed companies
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KPMG to Accelerate Embedded Finance Adoption in Singapore With New Hub
KPMG announced plans to launch Singapore’s first embedded finance hub to provide incubation support to enterprises and financial institutions by matching participants across the industry and providing knowledge in specific areas of embedded finance. The hub is set to run
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MAS and India’s IFSCA Sign MoU for Supervisory Cooperation
India’s International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) on supervisory cooperation in the presence of the Prime Minister of India Shri. Narendra Modi. The IFSCA is a
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MAS Threatens Supervisory Action if Banks Exceed 4 Hours of Downtime
The Monetary Authority of Singapore (MAS) takes seriously all IT incidents that affect the availability of digital banking services, said Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS in a parliamentary reply. He added that four major retail
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Singapore Set to Issue Its First Sovereign Green Bond in the Coming Months
Singapore will issue up to S$35 billion worth of public sector green bonds by 2030 to accelerate and lead the growth of its green finance market. The inaugural Singapore sovereign green bond will be issued in the coming months. The
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UOB’s FinLab Shines Focus On ESG With The Greentech Accelerator
UOB’s innovation accelerator The FinLab has unveiled The Greentech Accelerator, a new global programme aimed at supporting innovative greentech solution providers regionally and globally to drive their company’s sustainable mission forward. As part of the first cohort, the programme will
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