Tag "Monetary Authority of Singapore (MAS)"

MAS and Financial Industry to Support Individuals and SMEs Affected by the COVID-19 Pandemic

The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), today announced a package of measures to

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MAS Tells Financial Institutions to Adopt Safe Distancing to Prevent COVID-19 Risks

The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the

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Singapore’s Payment Services Act Expands MAS’ Scope to Regulate Crypto Payments

The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act). The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use

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Singapore Receives 21 Applications for Digital Bank Licences

The Monetary Authority of Singapore (MAS) announced that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019. This comprises 7 applications for the digital full bank (DFB) licences, and 14

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MAS and BIS to Jointly Launch Innovation Hub in Singapore

The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. This is the BIS’s first expansion of its global footprint in 17 years. The BIS Innovation Hub will

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MAS, Deloitte, and S&P to Develop New Research Platform to Support Fintech Investment

The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide fintech research platform to help investors and financial institutions connect with fintech start-ups that they can partner with or

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Here Are the Winners of the Singapore FinTech Hackcelerator and FinTech Awards 2019

The Monetary Authority of Singapore announced today the three winners of the Global FinTech Hackcelerator. MAS and The Association of Banks in Singapore also announced the 12 winners of the FinTech Awards. Both awards were handed out today at the

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Here Are the 20 Finalists for the 2019 Global FinTech Hackcelerator

The Monetary Authority of Singapore (MAS) announced  the 20 finalists for the Global FinTech Hackcelerator. The finalists will pitch their solutions at the Global FinTech Hackcelerator Demo Day at the 2019 Singapore FinTech Festival x Singapore Week of Innovation and

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Meet The 40 Innovative Solutions Shortlisted for 2019 FinTech Awards

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that 40 finalists have been shortlisted for the FinTech Awards to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation

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7 Things You Need to Know About Singapore’s Digital Banking Licenses

Following the announcement and issuing of Hong Kong’s virtual banking license, Singapore has announced their intentions to launch the same; to allow entities without banking parentage to conduct banking activities. Digital banks generally refers to banking entities that operate without

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