Tag "Monetary Authority of Singapore (MAS)"
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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BearingPoint Expands Regtech Solution to Help Firms Comply With Latest MAS Module
BearingPoint RegTech, a Netherlands-based regtech solution provider, has further expanded its end-to-end solution ABACUS/Transactions with a new MAS module. The MAS module helps firms comply with their derivative reporting requirements imposed by the Monetary Authority of Singapore (MAS) and digitalise
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MAS Doubles Down on Green Finance With the 6th Global Fintech Hackcelerator
The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance”. The competition, supported by Oliver Wyman, seeks to unlock the potential of fintech
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Adyen Singapore Secures MAS’ Major Payments Institution License
Global payments platform Adyen announced that its Singapore entity has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore‘s license
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MAS Pledges S$42 Million to Fast Track Regtech Adoption
The Monetary Authority of Singapore (MAS) has committed S$42 million for a new regtech grant as well as the enhanced Digital Acceleration Grant (DAG) to accelerate technology adoption in the financial sector. These grants are part of the S$250 million
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Singapore and Thailand Announces World’s First Linkage of Real Time Retail Payment Systems
The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real time retail payment systems. MAS said that it is the first of its kind globally. The linkage is
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MAS Report Highlights Digital Identity As One of The Key Pillars of Digital Economy
The Monetary Authority of Singapore (MAS) launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. Through this report, MAS aims to help public sector agencies and players in
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