Tag "Monetary Authority of Singapore (MAS)"

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

Read More

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

Read More

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,

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More