Tag "MAS"

MAS’ Chief Fintech Officer on Making Singapore a World Leader in Digital Banking

Over the past couple of years, Singapore has emerged as one of the fintech’s top hotspots in the world. Today, the city state is home to 43% of all fintech companies in Southeast Asia: that’s about 750+ organizations. Since being

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MAS to Invest SG$6.9 Bil Into Private Equity and VCs To Spur Ecosystem Growth

The Monetary Authority of Singapore (MAS) announced the launch of a new US$5 billion (SG$6.91 billion) worth private market programme. MAS will be allocating this amount of its own funds as its investment portfolio in the private markets asset class.

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MAS Unveils FEAT Principles to Promote Responsible Use of AI and Data Analytics

The Monetary Authority of Singapore (MAS) has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides

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Singapore and Nasdaq Partnership for Blockchain Settlement of Tokenised Assets

The Monetary Authority of Singapore  and Singapore Exchange announced a collaboration to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms. This will allow financial institutions and corporate investors to carry out simultaneous exchange and

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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

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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

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MAS Directs Financial Institutions to Tighten Customer Verification Process

The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, directing them to tighten their customer verification processes. This follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed

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ICO in Philippines Gaining Ground in Fintech Regulation

Developments about fintech regulations in the Philippines seem to be working to the advantage of fintech companies who do ICOs. Unlike in China where ICOs were banned in the country’s capital markets last year, the conduct of ICO in the

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Smartfunding Awarded CMS Licence By Monetary Authority Of Singapore

SmartFunding Pte. Ltd. has been granted the full Capital Markets Service Licence for Dealing in Securities by the MAS, effective from 3 November 2017. The company launched its P2P lending platform in early 2016 and made its application to the

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Singapore’s Roadmap For A Leading Global Financial Centre In Asia

The Monetary Authority of Singapore (MAS) released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption. 2   Speaking at the launch

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