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MAS and Banque de France trial post-quantum cryptography to secure financial communications

News | Cryptocurrencies | 07 Nov 2024

The Monetary Authority of Singapore has partnered with the Banque de France to test new protections to shield financial communications and data from potential quantum computing risks. 

crypto, quantum computing, online security, partnership

MAS advances tokenisation efforts in financial services

News | Cryptocurrencies | 07 Nov 2024

The Monetary Authority of Singapore (MAS) has outlined new initiatives to further integrate tokenisation within financial markets.

cryptocurrency, tokenization, digital assets, financial services

MAS announces establishment of Global Finance & Technology Network

News | Payments General | 01 Nov 2024

The Monetary Authority of Singapore (MAS) has launched the Global Finance & Technology Network (GFTN), aimed at strengthening Singapore's position as a global fintech leader. 

digital assets, fintech, artificial intelligence, product launch, tokenization

Aspire obtains in-principal approval for the MPI licence from MAS

News | Payments General | 15 Oct 2024

Singapore-based all-in-one finance platform Aspire has announced that it secured its in-principal approval (IPA) for the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). 

MPI licence, online payments, online platform, financial services, cross-border payments, SMEs

ANZ joins Project Guardian

News | Cryptocurrencies | 01 Oct 2024

Australia-based bank ANZ has joined Monetary Authority of Singapore’s (MAS) Project Guardian to enhance access to tokenized assets in financial markets.

tokenization, digital assets, blockchain, partnership

MAS forms a Cyber and Technology Resilience Experts Panel

News | Digital Identity, Security & Online Fraud | 26 Sep 2024

The Monetary Authority of Singapore (MAS) has announced the creation of a Cyber and Technology Resilience Experts (CTREX) Panel to advise on emerging technologies risks in the financials sector.  

regulation, fraud management, fraud detection, online fraud, financial crime, fincrime

Major retail banks in Singapore to introduce SFV to mitigate phishing

News | Digital Identity, Security & Online Fraud | 20 Sep 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).

phishing, financial crime, fraud management, digital banking, fraud detection, online security

JST Digital receives in-principle approval from MAS

News | Cryptocurrencies | 11 Sep 2024

Crypto-native financial services company JST Digital has gotten in-principle approval for the Monetary Authority of Singapore (MAS) to provide DPT services in Singapore.

cryptocurrency, regulation, stablecoin, digital assets

OKX Singapore receives MPI licence from MAS

News | Cryptocurrencies | 06 Sep 2024

OKX Singapore has been granted a major payment institution (MPI) license by the Monetary Authority of Singapore (MAS).

EMI licence, expansion, product upgrade, cryptocurrency exchange

Hex Trust gains approval for payment licence in Singapore

News | Cryptocurrencies | 29 Jul 2024

Hex Trust has obtained in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution licence.

cryptocurrency, MPI licence, expansion, blockchain

MAS promises USD 75 million for advancing quantum and AI

News | Online & Mobile Banking | 18 Jul 2024

The Monetary Authority of Singapore (MAS) has announced its commitment to provide nearly USD 75 million to advance quantum and AI features in the financial landscape. 

quantum computing, artificial intelligence, financial services, financial institutions, fintech

XTransfer receives payment licence from MAS

News | Online Payments | 16 Jul 2024

XTransfer has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution Licence.

MPI licence, financial services, cross-border payments, e-money

Singaporean banks to safeguard against phishing

News | Digital Identity, Security & Online Fraud | 15 Jul 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that banks in the region plan to better protect customers against phishing. 

phishing, scam, online security, cybersecurity, financial services, digital banking

Fave Singapore obtains MAS approval for MPI licence

News | Payments General | 11 Jul 2024

Fave Singapore, a subsidiary of Pine Labs, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence.

banking license, merchant, money transfer, transactions , banks

Banks in Singapore to drop OTPs in favour of digital tokens

News | Digital Identity, Security & Online Fraud | 10 Jul 2024

The Monetary Authority of Singapore and the Association of Banks in Singapore have announced that digital tokens are increasingly adopted in favour of One-Time Passwords.

scam, fraud prevention, phishing, security token, cybersecurity

Paxos gets MAS approval to issue stablecoins in Singapore

News | Cryptocurrencies | 03 Jul 2024

Paxos has announced that its subsidiary, Paxos Digital Singapore, has received approval from the Monetary Authority of Singapore (MAS) to issue stablecoins.

stablecoin, banking license, digital payments, tokenization

BIS Innovation Hub and MAS develop climate risk platform blueprint

News | Digital Identity, Security & Online Fraud | 17 Jun 2024

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have unveiled a blueprint integrating regulatory and climate data for financial stability.

climate, ESG, data, carbon footprint, financial services

Bank of Ghana completes cross-border trade using digital credentials

News | Cryptocurrencies | 14 Jun 2024

The Bank of Ghana has announced the successful completion of cross-border trade using digital credentials, in collaboration with the Monetary Authority of Singapore

partnership, product launch, cryptocurrency, crypto, crypto asset, payments

HitPay obtains MPI licence from MAS

News | Payments General | 06 Jun 2024

Singapore-based commerce platform for SMEs HitPay has announced that it received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).  

MPI licence, cross-border payments, SMEs, compliance, online security, online payments

Qashier secures MAS approval for payment license

News | Payments General | 25 Apr 2024

Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license.

startup, fintech, regulatory sandbox, digital payments, cross-border payments