MONETARY AUTHORITY OF SINGAPORE

Fintech / Regtech

Building Ethical AI into Banking Innovations

By Scott Zoldi | 01/07/2019

FICO’s chief analytics officer Scott Zoldi discusses his patent work aimed at achieving the explainability, transparency and auditability regulators demand of AI models.

Market Infrastructure

MAS Clarifies Regulatory Expectations on IAC Guidelines

By Grace Chong | 01/07/2019

Grace Chong at Simmons & Simmons JWS recapitulates the key points from MAS’ feedback to the first consultation on the IAC Guidelines, and charts the course ahead.

Fintech / Regtech

MAS to Issue Up to Five Digital Bank Licences

By Editors | 01/07/2019

The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

Fintech / Regtech

GFiN Publishes Report Reflecting on First Year of Work

By Editors | 27/06/2019

The Global Financial Innovation Network has published a report reflecting on its work  over the past year, and its ambitions for the future.

Fintech / Regtech

Singapore Banks Well-Equipped Against Fintech Threat: Moody’s

By Garima Chitkara | 20/06/2019

Singapore’s three largest banks are well placed to ward off threats to their market share by fintech firms, even as friendly regulatory policies encourage greater growth in the sector.

Market Infrastructure

Singapore, UK to Enhance Cooperation on Cyber Security

By Editors | 14/06/2019

Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

Market Infrastructure

Practical Steps for Compliance with MAS’ IAC Guidelines

By Grace Chong | 14/06/2019

Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

Market Infrastructure

MAS: Remittance Firms Forbidden from Making Loans

By Editors | 13/06/2019

Remittance firms will be prohibited from issuing advances to individuals starting September this year, ahead of the Payment Services Act entering into force.

Fintech / Regtech

Singapore: Progressing the Culture and Conduct Risk Agenda

By Jeffrey Kupfer | 13/06/2019

MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.