Tag "Monetary Authority of Singapore (MAS)"
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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Singapore’s Central Bank Has Some Serious Reservations about Facebook’s Cryptocurrency
The Monetary Authority of Singapore is now among the regulators that have expressed reservations about Facebook’s upcoming cryptocurrency, Libra. The central bank sees significant obstacles in Facebook’s way, according to a Bloomberg report, and they are “not trivial”. Ravi Menon,
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Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime Minister Lee Hsien Loong has confirmed that the Monetary Authority of Singapore (MAS)
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Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least
Followers of this page are well aware that Grab, one of Singapore’s premier unicorns, has dabbled in many different areas of fintech-fuelled offerings in its drive to become what it self-describes as a “super app”. Most recently though, it seems
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