Monetary Authority of Singapore

ESG / Sustainability

Singapore to Raise $5b for Blended Finance Initiative: MAS

By Nithya Subramanian | 19/04/2024

MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.

ESG / Sustainability

MAS Unveils 3yr Plan to Upskill Sustainable Finance Workforce

By Nithya Subramanian | 18/04/2024

MAS is setting aside S$35mn to support upskilling and reskilling and develop specialists in sustainable finance over the next three years.

AML / KYC

Singapore Banks Averted S$72.7m in Scam Losses in 2023: ABS

By Nithya Subramanian | 17/04/2024

The ABS has also launched a mascot design competition to encourage wider participation in the ongoing fight against scams.

Fintech / Regtech

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

MAS, Mastercard Agree to Cooperate on Cybersecurity

By Editors | 10/04/2024

The MoU covers intelligence sharing and joint analysis of cyber threats impacting financial services as well as competency-building activities.

Fintech / Regtech

MAS Grants Major Payment Institution Licence to TerraPay

By Nithya Subramanian | 08/04/2024

The licence enables TerraPay to offer account issuance, money transfer, merchant acquisition, and e-money issuance services.

Crypto / Digital Assets

MAS Grants MPI License to Crypto Market Maker GSR

By Nithya Subramanian | 05/04/2024

The new licence enables GSR Markets to offer marketing making and over-the-counter trading services in Singapore.

Singapore to Implement Vulnerable Customer Safeguards in H2 2025

By Nithya Subramanian | 03/04/2024

Lawrence Wong said MAS aims to issue revised standards by Q4 2024, for implementation by the industry no later than H2 2025.

AML / KYC

New Requirements Commencing for Crypto Firms in Singapore

By Manesh Samtani | 02/04/2024

The amendments take effect in stages from 4 April 2024, with transitional arrangements for firms currently conducting activities under the expanded scope of the Payment Services Act.