Tag "Monetary Authority of Singapore (MAS)"
MAS: Credit Suisse to Continue Singapore Operations Without Disruptions
Credit Suisse will continue operating in Singapore without any interruptions or restrictions following its takeover by UBS, said the Monetary Authority of Singapore (MAS). MAS added that customers will continue to have full access to their accounts and Credit Suisse’s
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MAS: Singapore Banking System Has “Insignificant Exposures” to Failed US Banks
The Singapore banking system has “insignificant exposures” to the failed Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank in the US, according to the Monetary Authority of Singapore (MAS). The regulator added that Singapore’s banking system still remains sound
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Singapore’s Cautionary Roar: Navigating Crypto’s Popularity with Prudence
Singapore is well-known for its proactive approach toward technology adoption and innovation. However, the country’s central bank, the Monetary Authority of Singapore (MAS), has taken a cautious approach to crypto or cryptocurrencies. The MAS views cryptocurrencies as inherently risky due to
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MAS to Enhance Security Measures to Prevent Cross-Border Payment Scams
The Monetary Authority of Singapore (MAS) said that it is working actively to review and enhance the suite of anti-scam measures in light of the launch of the real-time cross-border retail payment linkages, in a written reply to a parliamentary
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Singapore and India’s Real-Time Payments Linkage Goes Live
The real-time payments linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI) has officially gone live today. This will enable customers of participating financial institutions in Singapore and India to send and receive funds between bank accounts or e-wallets
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Brunei and Singapore to Deepen Collaboration for Financial Supervision
The Brunei Darussalam Central Bank (BDCB) and Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MoU) to deepen cooperation in banking and insurance supervision. BDCB and MAS will look into the effective supervision of banks and insurers
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Payoneer Secures In-Principle Approval From MAS to Expand Payment Offerings
Payments firm Payoneer announced that it has received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). Through this license, Payoneer will soon be able to offer additional payments services such as mass payout
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All 5 Singapore Digital Banks Are Now Members of the Credit Bureau
The five digital banks licensed by the Monetary Authority of Singapore (MAS) are now members of the island state’s credit bureau. This brings the Credit Bureau Singapore’s (CBS) members to 36. The two full digital banks Grab and Singtel’s GXS
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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand
Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet. There are currently 35
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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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