Tag "Monetary Authority of Singapore (MAS)"
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
UK and Singapore to Cooperate on Sustainable Finance, Fintech Innovation
The United Kingdom (UK) and Singapore have signed a Memorandum of Understanding to establish the UK-Singapore Fintech Bridge on Friday. At the 7th UK-Singapore Financial Dialogue, both countries discussed their joint interests in sustainable finance as well as fintech and
Read More
Applications Are Now Open for the Singapore Blockchain Innovation Challenge 2022
The Singapore Blockchain Innovation Programme (SBIP) has announced the launch of the Singapore Blockchain Innovation Challenge 2022 hackathon. SBIP is an initiative funded by the National Research Foundation (NRF) and supported by Infocomm Media Development Authority (IMDA), Enterprise Singapore (ESG),
Read More
MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX
The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions
Read More
Finding the Light at the End of the Fintech Layoffs Tunnel
Fintech firms in ASEAN are not unaffected by the employment cuts hitting the headlines this year. Compared to 2021, when the industry was flushed with record funding and mass hiring, 2022 completely flipped the script and ended with belts tightened
Read More
Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity
Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central
Read More