Monetary Authority of Singapore

Fintech / Regtech

Singapore to Deepen AI Capabilities in Financial Sector

By Mark Johnston | 09/11/2021

Singapore has pledged an additional S$180mn in additional AI research funding to enhance the financial sector’s AI capabilities.

Fintech / Regtech

MAS: SGFinDex Extended to Include Investment Holdings Data

By Editors | 08/11/2021

Individuals can now view information on their investment holdings at SGX’s central depository as part of their consolidated financial position.

Market Infrastructure

Singapore, Philippines to Pursue Cross Border Payment Links

By Editors | 08/11/2021

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

Fintech / Regtech

Singapore Banks to Automate GIRO Application Process

By Darien Choong | 08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

AML / KYC

MAS Proposes to Ease Retail Investor Access to Funds

By Manesh Samtani | 04/11/2021

Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.

Fintech / Regtech

MAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon

By Manesh Samtani | 03/11/2021

MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a “tokenised economy” by 2030.

Capital / Liquidity

MAS to Implement Contractual Recognition Requirement

By Mark Johnston | 03/11/2021

Singapore banks have three years to ensure their foreign law financial contracts recognise MAS’ temporary stay powers regarding termination rights.

Market Infrastructure

MAS Advisory Panel Offers Recommendations on Cybersecurity

By Editors | 31/10/2021

The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.

Fintech / Regtech

Singapore Sees Launch of DLT-based Payment Platform, Partior

By Editors | 27/10/2021

With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.