Jacqueline Loh deputy managing director Monetary Authority of Singapore talks about innovation. Innovation is transforming the financial sector. Digitalisation of financial services has made it easier for financial institutions to expand their global footprint, opened the door to new players, and set the stage for increasing cross-border connectivity. The adoption…
Read More
FIs remain vigilant towards remote working risks and take pre-emptive steps to mitigate them. The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued today a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs)…
Read More
There’s emerging technology investments for corporate finance through 2024…but don’t forget the security. A study of finance organisations in taken by analyst firm Gartner in November 2020 showed a widespread intent to invest in emerging technologies in the next three years, with cloud enterprise resource planning (ERP) being the most…
Read More
Tharman Shanmugaratnam, Senior Minister and Minister in charge of Monetary Authority Singapore answers data protection questions. Tharman Shanmugaratnam, Senior Minister and Minister in charge of Monetary Authority Singapore answers the implications of consumer data monopoly by firms; how is the personal data of users of digital payments being protected when…
Read More
MAS recommends corporations appoint a CIO and a CISO to manage the technology and mitigate cyber risks. The Monetary Authority of Singapore (MAS) today issue to keep up with emerging technologies and shifts in the cyber threat landscape. The revised Guidelines focus on addressing technology and cyber risks in an…
Read More
Blockchain-based payments network that could enable faster and cheaper international settlements. SINGAPORE (Reuters) – Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’…
Read More