Tag "Monetary Authority of Singapore (MAS)"

Singapore Fintech Festival to Run as a Hybrid Digital-Physical Event in 2020

The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) will expand to become the world’s first week-long round-the-clock, hybrid digital and physical event. Running from

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MAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.

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Project Ubin: MAS Completes Final Phase Central Bank Digital Currency Project

The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin. It provides technical insights into the blockchain-based multi-currency payments network prototype that was

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14 Out Of 21 Digital Bank Applicants Eligible for Next Stage of Assessment

The Monetary Authority of Singapore (MAS) announced today that 14 of the 21 digital bank applications have met the eligibility criteria required for the application to be considered. These eligible applicants, comprising five digital full bank (DFB) applicants and nine

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MAS Launches S$1.75 Million Challenge for a Pandemic-Resilient and Greener FSI Sector

The Monetary Authority of Singapore (MAS) announced on Monday the launch of a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate

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Singapore to Allow Banks to Reopen with Strict Requirements

Financial institutions (FIs) in Singapore will be allowed to reopen more customer service locations from 2 June 2020. This will be carried out with strict safe management requirements in place, to minimise the risk of COVID-19 infections, in line with

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MAS and AMTD Group Allocates S$6M Grant to Support Singaporean Fintech

The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) today announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business

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MAS Launches New Facility at 0.1% Interest Rats to Help Banks Lower Cost of Loans to SMEs

The Monetary Authority of Singapore (MAS) has launched the MAS SGD Facility for ESG Loans (the Facility) in partnership with Enterprise Singapore (ESG), to lend Singapore Dollars (SGD) at an interest rate of 0.1% per annum to eligible financial institutions,

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Covid-19 Support: Monetary Authority of Singapore Launches S$125 Million Package for Fintechs

The Monetary Authority of Singapore (MAS) today announced a S$125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump. The support package will help to position financial institutions (FIs)

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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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