Tag "MAS"
Project DESFT to Empower MSMEs in Global Trade with Blockchain-Based Credentials
At the Singapore Fintech Festival 2023 (SFF 2023), the Solv Foundation announced the launch of Project DESFT, a blockchain-based digital credential platform. The initiative is a joint effort with the Monetary Authority of Singapore (MAS) and the Bank of Ghana
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Temasek Trust, MAS Partner to Propel Fintech and Impact Investment in Singapore
Temasek Trust has recently entered into a strategic partnership with the Monetary Authority of Singapore (MAS) through a Letter of Intent, aiming to develop a unified fintech and impact investment roadmap, focusing on creating an interoperable technology framework. The framework
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IFC, MAS, and WEF Sign MOU to Boost Digital Inclusion in Emerging Economies
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS), and the World Economic Forum have committed to a Memorandum of Understanding, aiming to enhance digital inclusion in emerging and developing economies. This initiative seeks to address the disparities faced
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Rising Scam Losses Epidemic a Growing Concern for Digital Payments
The advent of digital payments and transactions has undoubtedly transformed the way we conduct financial transactions, making our lives more convenient and efficient. However, this digital revolution has also given rise to an alarming surge in digitally-enabled scam scenarios and
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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
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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
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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
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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
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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
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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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