Monetary Authority of Singapore

    Enforcement

    Singapore Court Charges UK Man in Wirecard Probe

    By Ranamita Chakraborty | 02/09/2021

    The man faces charges for abetting the falsification of a document that represented Wirecard’s missing money was being held in escrow.

    ESG / Sustainability

    LSEG Launches Sustainable Finance Innovation Unit in Singapore

    By Editors | 01/09/2021

    The new unit is supported by MAS and will focus on creating sustainable finance capabilities across Singapore’s fintech ecosystem.

    Fintech / Regtech

    MAS Grants New Payment Services Licences to FOMO Pay

    By Manesh Samtani | 01/09/2021

    MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.

    Fintech / Regtech

    ABS Offers Standardised Approach to Bank Data Sharing

    By Manesh Samtani | 30/08/2021

    A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.

    Fintech / Regtech

    MAS Announces Finalists for Global CBDC Challenge

    By Editors | 30/08/2021

    The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.

    Crypto / Digital Assets

    The Role of Digital ID in Advancing CBDC Initiatives

    By Claus Christensen | 24/08/2021

    The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.

    ESG / Sustainability

    Singapore Should Lead on Green Fintech Regulation Ahead of COP26

    By Benjamin Soh | 23/08/2021

    Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.

    Market Infrastructure

    DTCC Urges Readiness for MAS Derivatives Reporting Requirements

    By Sanday Chongo Kabange | 12/08/2021

    Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

    Fintech / Regtech

    DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services

    By Editors | 12/08/2021

    DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.

    AML / KYC

    MAS Finalising New Data-sharing Platform for Banks

    By Manesh Samtani | 05/08/2021

    The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.

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