MAS is is taking significant steps to ensure the safe and efficient development Singapore’s Monetary Authority, in collaboration with the Bank for International Settlements’ Committee on Payments and Market Infrastructure, has released a comprehensive report outlining a framework for the design of open and interoperable networks for digital assets. The…
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In an effort to harness artificial intelligence in finance The Monetary Authority of Singapore (MAS) has unveiled the 8th edition of the Global FinTech Hackcelerator, focusing on the theme “Artificial Intelligence (AI) in Finance Global Challenge.” The competition aims to unlock innovative AI solutions that can revolutionize the financial services…
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The forum emphasized the importance of an integrated policy framework Leading central bankers and economists gathered at the Asian Monetary Policy Forum to discuss the challenges of achieving both price stability and financial stability in today’s complex economic landscape. The forum, held in Singapore, featured prominent figures such as Professor…
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Internships for polytechnic students are already prevalent in the sector Liang Eng Hwa, MP for Bukit Panjang SMC, has raised concerns about the job prospects for polytechnic graduates in the banking and finance sector, specifically inquiring about available programmes for internships and apprenticeships, as well as skills upgrading opportunities for…
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This Forum will serve as a useful platform for financial regulators in Asia Pacific The Monetary Authority of Singapore (MAS) yesterday hosted the inaugural Financial Sector Cloud Resilience Forum (Forum) for Asia Pacific financial regulators and Cloud Service Providers (CSPs) to exchange views on appropriate public cloud risk management practices…
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MAS required Binance to stop soliciting Singapore users The Monetary Authority of Singapore (MAS) would like to address some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle. A first misconception is that it was possible to protect local users who dealt with FTX, such…
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Singapore’s data centre industry moving towards decarbonisation Red Dot Analytics (‘RDA’) Pte Ltd and leading Singapore-headquartered environmental, social, and governance (‘ESG’) FinTech firm Hashstacs Pte Ltd (‘STACS’) have entered a strategic partnership to provide a holistic platform to transform Singapore’s data centre industry and shape a sustainable digital future. The partnership will be…
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This CA builds on the Memorandum of Understanding on Supervisory Cooperation The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) today signed a FinTech Co-operation Agreement (CA) to facilitate regulatory collaboration and partnership in FinTech. The CA will promote the following: Regulatory Sandbox Collaboration – MAS…
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Promoting the use of local currencies for bilateral transactions Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be…
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The Programme is a collaboration under MAS’ Project Greenprint The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation, and scaling of climate FinTech solutions in Asia. The Programme is a collaboration under MAS’ Project Greenprint and seeks to…
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