Tag "Monetary Authority of Singapore (MAS)"

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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NUS Offers Singapore’s First Masters and PhD Programmes in Fintech

The National University of Singapore (NUS) will offer two new graduate programmes in fintech in the new academic year, to help build a robust ecosystem of high-quality research talent and capabilities to support the fast-growing financial industry in Singapore. The

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6 Key Takeaways From MAS’ New Technology Risk Management Guidelines

With the rising numbers and scale of cyberattacks, the Monetary Authority of Singapore (MAS) revised its technology risk management (TRM) guidelines on January 18,2021. The TRM guidelines apply to all financial institutions (FI) that MAS regulates, ranging from large ones

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MAS and ABS Urges Financial Institutions to Manage Emerging Risks of Remote Working

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic. The “Risk

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MAS and SGX Raises Red Flag Amidst US’ GameStop Trading Frenzy

The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have urged the public to be on heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups. MAS and

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Singapore Police and MAS Launch Probe Into Crowdfunding Platform CoAssets

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have launched a joint investigation into various companies under the CoAssets Group for possible offences under the Penal Code and the Securities and

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MAS Revises Tech Risk Guidelines Amidst Heightened Cyber Attack Threats

The Monetary Authority of Singapore (MAS) has issued a revised Technology Risk Management guidelines in light of the recent spate of cyber attacks dominating the headlines. The revised guidelines focuses on addressing technology and cyber risks in financial institutions (FIs)

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