Tag "Monetary Authority of Singapore (MAS)"

MAS Revises Tech Risk Guidelines Amidst Heightened Cyber Attack Threats

The Monetary Authority of Singapore (MAS) has issued a revised Technology Risk Management guidelines in light of the recent spate of cyber attacks dominating the headlines. The revised guidelines focuses on addressing technology and cyber risks in financial institutions (FIs)

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Singaporeans Encouraged to Hand Out E-Hong Baos for Lunar New Year

The Monetary Authority of Singapore (MAS) is encouraging Singaporeans to use e-hong baos, monetary gifts given in envelopes, during the coming Lunar New Year. This is in line with the safety measures currently in place due to COVID-19. E-hong baos

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Here Are the Winners of MAS’ 2020 Global Fintech Innovation Challenge

The Monetary Authority of Singapore (MAS) has announced the results of the MAS Global FinTech Innovation Challenge 2020. The MAS Global FinTech Innovation Challenge comprises 2 distinct competitions; MAS Global FinTech Hackcelerator and MAS FinTech Awards with a total cash

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Singapore and Hungary Central Banks Ink Fintech Cooperation Agreement

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) has signed a Co-operation Agreement (CA) to strengthen cooperation in fintech innovation between Singapore and Hungary. The CA sets out a framework for fintech collaboration between both countries.

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Singaporeans Can Now Access All Their Financial Info Under One Roof With SGFinDex

The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) launched the Singapore Financial Data Exchange (SGFinDex), which will enable Singaporeans to consolidate their financial information for more effective financial planning. The launch was announced

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E-Wallets Will Soon Have Access to E-Payment Platforms FAST and PayNow

The Monetary Authority of Singapore (MAS) announced that non-bank financial institutions (NFIs) that are licensed as a major payment institution under the Payment Services Act, will be allowed to connect directly to Fast and Secure Transfers (FAST) and PayNow from

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Singapore’s Week-Long Fintech Festival to Feature Over 40 Global Satellite Events

The Monetary Authority of Singapore (MAS) and Enterprise Singapore (ESG) announced that more than 40 global satellite events will take place across the world as part of the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH)

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MAS and Philippines Central Bank Commit to Promote Data Connectivity, Info Sharing

Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) have committed to work together to promote data connectivity in financial services in a joint statement. Both regulators recognise that the ability to aggregate, store, process, and transmit

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MAS Plans to Strengthen eKYC Amid Rising Identity Scam Cases

The Monetary Authority of Singapore (MAS) issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity or better known as eKYC by the industry. These proposed requirements come against the backdrop of rising

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MAS Offers $35 Million Grant to Ease Regulatory Reporting for Smaller Financial Institutions

The Monetary Authority of Singapore (MAS) has launched a S$35 million Productivity Solutions Grant (PSG) for the financial services sector to help smaller financial institutions adopt digital solutions for more streamlined data reporting to MAS. Supported by the Financial Sector

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