Tag "MAS"
MAS and Google Cloud Partner on Generative AI for Financial Sector
In a collaborative move aimed at harnessing the power of generative AI, the Monetary Authority of Singapore (MAS) and Google Cloud have entered into a Memorandum of Understanding (MoU). The focus is on developing responsible solutions and upskilling technologists in
Read More
US Treasury, MAS Join Forces to Bolster Cross-Border Cybersecurity Coordination
The US Department of the Treasury (Treasury) and the Monetary Authority of Singapore (MAS) recently concluded a cross-border cybersecurity exercise, which took place between 25 and 27 April. The exercise aimed to assess and fortify existing information exchange and incident
Read More
Are Digital Banks Breeding a Risky Competitive Climate in Singapore?
Technological developments have accelerated the transformation of financial services, leading to the explosion of digital banks worldwide. In Singapore, the entry of digital banks into the local financial system is driving economic innovation and enhancing financial inclusion, according to a
Read More
Singapore and Thailand to Enable Cross Border Payments Using Only Mobile Numbers in 2021
During the Singapore Fintech Festival 2020, Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS) announced that the regulator has made significant headway in the linkage between Singapore’s and Thailand’s national payment systems; PayNow and PromptPay respectively. Monetary Authority of
Read More
Meet the 20 Global Fintech Hackcelerator 2020 Finalists by MAS
The Monetary Authority of Singapore (MAS) has announced the 20 finalists for the 2020 Global FinTech Hackcelerator. The finalists will pitch their solutions at the Global FinTech Hackcelerator Demo Day at the Singapore FinTech Festival x Singapore Week of Innovation
Read More
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
Read More
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.
Read More
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
Read More
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
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