Tag "Monetary Authority of Singapore (MAS)"

US, MAS Announce Cybersecurity Cooperation During Kamala Harris’ Visit

The United States Department of the Treasury and the Monetary Authority of Singapore (MAS) has finalised a bilateral Memorandum of Understanding (MoU) on cybersecurity cooperation during US Vice President Kamala Harris’ visit to Singapore. MAS said in a statement that

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MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial

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MAS’ Singapore Fintech Festival 2021 Kicks Into High Gear

The Monetary Authority of Singapore (MAS) announced that the Singapore Fintech Festival (SFF) will take place from 8 to 12 November, as a hybrid digital and physical event. A company limited by guarantee (CLG) will also be incorporated to spearhead

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BIS, MAS Plots Blueprint for a Global Real-Time Retail Payments Network

The Bank for International Settlements Innovation Hub Singapore Center and the Monetary Authority of Singapore (MAS) published a proposed blueprint to enhance the global payments network connectivity via multilateral linkages of countries’ national retail payment systems. Titled Project Nexus, this

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MAS Pushes for AI Innovation With Global Challenge Ahead of Its Fintech Festival

The Monetary Authority of Singapore (MAS) in collaboration with ASEAN Financial Innovation Network (AFIN) and Accenture has announced the launch of the inaugural Global Veritas Challenge where the theme revolves around “Codifying Responsible AI”. The competition seeks to accelerate the

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MAS: The Future of Money Is Too Important to Be Left Entirely to Central Bankers

At the Andrew Crockett Memorial Lecture, Mark Carney spoke about ‘Decentralised Finance and the Future of Money.’ Carney provided an overview of the transformation taking place that will “re-wire” monetary and financial systems. According to Carney, centrifugal forces are driving

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MAS Seeks Innovative Digital Currency Solutions Through New Global Challenge

The Monetary Authority of Singapore (MAS) announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions. The Global CBDC Challenge seeks innovative retail CBDC solutions to enhance payment efficiencies and promote financial inclusion. MAS had

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Hg Exchange Graduates From MAS Fintech Regulatory Sandbox With RMO License

Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced its graduation from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license. With this RMO license,

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MAS Earmarks US$1.8 Billion for Its Sustainability Efforts

The Monetary Authority of Singapore (MAS) will be allocating US$1.8 billion into climate-related investment opportunities which was announced during the launch of its inaugural sustainability report. The funds will be managed by five asset managers, who are yet to be

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Deutsche Bank and STACS Complete PoC for Digital Assets and ESG Bonds

Deutsche Bank’s Securities Services in Singapore and Hashstacs (STACS) announced the completion of their proof-of-concept (POC) referred to as Project Benja on the use of distributed ledger technology (DLT) for digital assets and sustainability-linked digital bonds. Set in the context

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