Tag "The Monetary Authority of Singapore (MAS)"

BIS and Central Banks Launch Project Mandala with Aim to Streamline Global Payments

The Bank for International Settlements (BIS), along with several central banks including the Monetary Authority of Singapore (MAS), launched Project Mandala to examine the potential of embedding jurisdiction-specific policy and regulatory requirements into a common protocol, simplifying cross-border use cases

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Coinbase Singapore Receives Major Payment Institution Licence from MAS

Coinbase Singapore has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). This follows its initial In Principle Approval and facilitates an extended offering of Digital Payment Token services in Singapore. Singapore’s growing role

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BIS, France, Singapore, and Switzerland Report Success in Cross-Border Wholesale CBDCs Test

The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, have concluded “Project Mariana“. This project examined the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) using state-of-the-art decentralized finance

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Singapore Digitalises Bankers Guarantees and Insurance Bonds With eGuarantee@Gov

Providing banker’s guarantees or insurance bonds to government agencies in Singapore can now be done online and within one day using eGuarantee@Gov, said Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman of the Monetary Authority of

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MAS Commits S$150 Million Funding to Innovate Financial Sector

The Monetary Authority of Singapore (MAS) is opening a fresh round of funding for the Financial Sector Technology and Innovation Scheme (FTSI), amounting to S$150 million for the next three years. This was announced by Lawrence Wong, Singapore’s Deputy Prime

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MAS Extends Digital Bank Assessment Period in View of COVID-19 Pandemic

The Monetary Authority of Singapore (MAS) announced today that it will extend the assessment period for the award of digital bank licences. Successful applicants will be informed in 2H 2020 instead of June 2020 as originally intended. In January 2020,

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Singapore Thinks Libra is a Risk But Does Not Want to Miss out on Its Potential Benefits

Ravi Menon, Managing Director of Monetary Authority of Singapore, joins a growing list of regulators around the world voicing their concerns about Facebook’s Libra. In an interview with Financial Times, he said that Facebook’s Libra raises a global financial risk

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12 Companies Score SG$1.2 Mil at The Singapore Fintech Awards 2018

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of SG$1.2 million divided for 12 different companies at the Fintech Awards, which took place at the third Singapore

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MAS and ABS Kick Off Inaugural Singapore FinTech Festival

The inaugural Singapore FinTech Festival kicked off today with a series of events that aim to portray the future of a financial industry transformed by innovation and technology. The week-long Festival is organised by the Monetary Authority of Singapore (MAS),

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Experts Talk: The Fintech Ecosystem in Singapore

A close approach to the FinTech Ecosystem in Singapore, made by 2geeks1city. FinTech experts and entrepreneurs in Singapore talked about the state of Fintech in Singapore, their challenges and the future of this trend in the coming years. State of Fintech

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