Singapore’s central bank reviews BNPL regulation over debt fears
The MAS wants to ensure regulations are “risk-proportionate”.
The MAS wants to ensure regulations are “risk-proportionate”.
Around half of the committed SGD 250m rolled over from the first FSTI scheme.
The blockchain network is jointly developed with JP Morgan and investment firm Temasek.
Up to 12 winners will be selected to receive in prize money.
The metrics will inform credit risk scoring and customer marketing.
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
Applications for the grant scheme will open on 18 May 2020.
The package is one of the most fintech-specific aid offerings seen so far.
US bank goes live with fourth centre with help from MAS.
There are only five of the new licences up for grabs.
Singaporean regulator’s experts call out bank culture.
Applicants must be committed to Singapore’s future.
The fintech is looking for a partner bank to do so.
Monetary Authority of Singapore makes some changes and gets truly focused.
Websites falsely claim that Singapore is adopting a cryptocurrency as its official coin.
Monetary Authority of Singapore finalises its Payment Services Bill.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Central banks and regulator reveal heightened interest and assesses alternative models.
Monetary Authority of Singapore quickly thinks up pre-defined sandbox concept.
They have developed delivery versus payment capabilities for the settlement of tokenised assets.
Wants a “stronger platform for growth finance and infrastructure development”.
Regulator wants fairness, ethics, accountability and transparency.
SGQR will be adopted by 27 payment schemes.
Developing delivery versus payment (DvP) capabilities.
Banks in Singapore take the lead on artificial intelligence (AI) training.
Approval can now be granted in as quickly as six months.
Risk management and controls were “unsatisfactory”.
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
It’s that time again where alliances are formed and friendships are made in our latest co-operative filled round-up. Featuring the Monetary Authority of Singapore, Abu Dhabi Global Market, Dubai Financial Services Authority, Australian Securities and Investments Commission, and Iran and Malaysia planning to establish banking ties.
The Monetary Authority of Singapore (MAS) has launched a second consultation on its proposed regulatory framework, known as the Payment Services Bill. According to MAS, the Bill will streamline the regulation of services under a single legislation, expand the scope of regulated activities to include virtual currency services and “calibrate regulation according to the risks […]
It pays to pay attention to the pacey payments precinct. Our latest round-up comprises Glint’s golden launch, BillPro’s licence and QR codes in Singapore. Glint, an electronic payment system that enables gold to be used as a currency, has launched its account and app based technology in the UK. Jason Cozens, CEO, Glint, says: “Everyone […]
The Monetary Authority of Singapore (MAS) and the Bank of Thailand are in discussions about connecting their national digital payment systems as officials step up efforts to curb the use of cash, according to Bloomberg. The link would bring together Southeast Asia’s first national digital payment platforms, Singapore’s PayNow and Thailand’s PromptPay, says Naphongthawat Phothikit, […]
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) say that the consortium which they are leading has developed software prototypes for improved payments on blockchain. The prototypes included three different models for decentralised inter-bank payments and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions […]
Could Australia give the UK a run for its money? Wayne Johnson, co-founder and CEO of Encompass Corporation, explores.
The power of love, a force from above, cleaning my soul – flame on burn desire, love with tongues of fire, purge the soul, make fintech alliances your goal. Our latest cuddly round-up features the Securities Commission Malaysia, Dubai Financial Services Authority, Monetary Authority of Singapore, Taiwan Stock Exchange and Nasdaq. The Securities Commission Malaysia […]
What the world needs now is love, sweet love. And fintech is on hand to deliver with a pair of co-operation agreements. Features the Monetary Authority of Singapore and Chongqing; and the Swiss Financial Market Supervisory Authority and Israel. The Monetary Authority of Singapore (MAS), the Chongqing Financial Affairs Office and the Chongqing Connectivity Initiative […]
The Monetary Authority of Singapore’s (MAS) new Payments Council plans to set up interoperable electronic payments and has unveiled a taskforce to develop a common QR code for the city-state. As reported earlier this month, the Council launched and comprises 20 people from banks, payment service providers, businesses, and trade associations. MAS says the setting […]
UK-based Centre for Finance, Technology and Entrepreneurship (CFTE) is looking to expand to Asia and plans to set up its first international hub in Singapore. The newly launched organisation says it “has been working closely with the Monetary Authority of Singapore (MAS) to formalise plans to expand CFTE’s education initiative to ASEAN”.
The Monetary Authority of Singapore (MAS) says it will establish a Payments Council with the plan to create an “e-payment society” for the city state. The new council will comprise 20 people from banks, payment service providers, businesses, and trade associations. Members are appointed for a two-year term. MAS says the setting up of the […]
The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) have signed a fintech co-operation agreement and updated an existing memorandum of understanding (MoU) on banking supervision. The agreement aims to help develop a “richer financial ecosystem” in Thailand and Singapore as well as in ASEAN. The pair will share information on emerging […]