Articles with tag like: MAS

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MAS issues digital banking licences in Singapore

News | Online & Mobile Banking | 26 Jan 2021

The Monetary Authority of Singapore (MAS) has announced that four entities were awarded digital banking licenses in early December 2020, according to aseanbriefing.com.

Monetary Authority of Singapore, MAS, Singapore, digital banking, licence, Singtel, Grab, banks, Ant Financial, Sea Limited

Singapore, the garden of innovation – exclusive interview with Varun Mittal

Interviews | Online & Mobile Banking | 22 Jan 2021

Varun Mittal, co-founder of Singapore Fintech Association and author of Singapore – The Fintech Nation, reveals what stands behind Singapore’s boom in fintech and regulation

Singapore, fintech, fintech association, fintech hub, B2B fintech, B2B lending, MAS, Digital KYC, banking

Japan government-backed investors agree to Invest In iSTOX

News | Payments General | 22 Jan 2021

Two government-backed investors in Japan have concluded an agreement to invest in global digital securities platform iSTOX, as iSTOX closed its Series A funding round with a total of USD 50 million raised.

digital securities, iSTOX, MAS, investment, trading, funding, asset management, Singapore Exchange, fintech, multi-asset platform, secondary trading

MAS Singapore encourages the use of e-gifts

News | Payments General | 12 Jan 2021

The Monetary Authority of Singapore (MAS) has started encouraging Singaporeans to use e-hong baos (e-gifts) during the coming Lunar New Year to reduce queues for physical notes.

MAS, Singapore, e-hong bao, gifts, sustainability, online payments, fintech

Monetary Authority of Singapore to fully regulate all crypto-related activity

News | Cryptocurrencies | 11 Jan 2021

Following an amendment passed on January 4, 2021, all cryptocurrency service providers must now obtain a license from the Monetary Authority of Singapore (MAS), the country’s financial regulatory body.

Monetary Authority of Singapore, MAS, AML, cross-border payments, cryptocurrency trading, crypto exchange, Singapore

UNDP, MAS partner to help SMEs in developing countries to access global opportunities

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The United Nations Development Programme (UNDP) Global Centre for Technology, Innovation, and Sustainable Development has partnered with the Monetary Authority of Singapore (MAS) to help SMEs leverage technology to better access global value chains. 

UNDP, MAS, SME, developing countries, United Nations Development Programme, Monetary Authority of Singapore, Cultiv@te, Business sans Borders, API Exchange, APIX

MAAS, Bank of Ghana partner for SMEs and FIs of Singapore and Ghana

News | Payments General | 08 Dec 2020

The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have plans to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. 

MAS, Money Authority of Singapore, Bank of Ghana, SME, financial institution, Singapore, Ghana, Business sans Borders, BSB, open hub, Financial Trust Corridor, FTC

Tracking Asia's progress with Open Banking

Voice of the Industry | Online & Mobile Banking | 07 Dec 2020

Joshua Chong, Analyst at Kapronasia, discusses the journey that Asia has been through on its road to Open Banking and the steps and hurdles it needs to get over in the future

Kapronasia, Joshua Chong, Open Banking, Asia, Australia, legislation, India, account aggregator, data sharing, MAS, APIX, fintechs, financial inclusion, lending, payments, unbanked, SMEs, Singapore, API, incumbents, innovation

MAS and SNDGG launch Singapore Financial Data Exchange (SGFinDex)

News | Online & Mobile Banking | 07 Dec 2020

The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) have launched the Singapore Financial Data Exchange (SGFinDex), which will enable Singaporeans to consolidate their financial information for more effective financial planning.

MAS, SNDGG, Singapore Financial Data Exchange, SGFinDex, digital identity, consent, data protection, privacy, financial information, data

Monetary Authority of Singapore to adopt enhanced Financial Action Task Force standards

News | Digital Identity, Security & Online Fraud | 11 Nov 2020

The Monetary Authority of Singapore (MAS) has recently proposed amendments to the Payment Services Act (PS Act).

Monetary Authority of Singapore, MAS, Payment Services Act, VASPs, AML, FATF, crypto providers, virtual assets, Singapore

Underserved SMEs consider switching to digital banks, Visa study

News | Online & Mobile Banking | 29 Oct 2020

Visa has released a 2020 study on Digital Banking and SMEs in Singapore, showing 88% of Singapore-based SMEs considering switching some services to digital banks.

Visa, study, SME, digital banks, Singapore, Monetary Authority of Singapore, MAS, banking, online banking

Wirecard to cease payment services in Singapore, MAS directive

News | Online Payments | 02 Oct 2020

The Monetary Authority of Singapore (MAS) has directed Wirecard entities to cease their payment services in Singapore, according to straitstimes.com.

MAS, Wirecard, payment services, Singapore, payment services, Monetary Authority of Singapore, customer funds, Germany, digital payments, bankruptcy, bank accounts, Phillipines, APAC, Asia Pacific, Pasir Panjang, Wirecard SG, merchants, e-payments, Nets, PayNow, SGQR, pre-paid cards, credit cards, card payments

Singapore-based Syfe secures USD 18.6 mln Series A funding

News | Payments General | 23 Sep 2020

Digital wealth manager Syfe has successfully closed a USD 18.6 million Series A funding round led by Valar Ventures, a VC fund for high potential fintech companies.

Syfe, Singapore, Series A, funding, digital wealth manager, Valar Ventures, VC, fintech, capital injection, investing, saving, Asia, technology platform, Presight Capital, Unbound, UK, investment firm, digital wealth management, platform, Monetary Authority of Singapore, MAS, Capital Markets Services License, CMS license, license, retail fund management, institutional fund management

Singapore's MAS earmarks USD 182 mln

News | Payments General | 18 Aug 2020

Singapore has pledged to invest USD 182.1 million over the next three years to drive technology innovation in the financial services sector, with added focus on AI. 

Singapore, MAS, fintech, innovation, technology, financial, AI, artificial intelligence, tech, Proof-of-Concept, PoC

ECXX to launch asset-based digital securities exchange

News | Cryptocurrencies | 05 Aug 2020

ECXX Global (ECXX) has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express under the Recognised Market Operator (RMO) regime.

ECXX Global, tokens, blockchain, ECXX, Singapore, digital assets, Monetary Authority of Singapore, MAS

Standard Chartered enabled to run more places of business in Singapore

News | E-invoicing, SCF & E-procurement | 04 Aug 2020

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

MAS completes Project Ubin for Central Bank Digital Currency

News | Cryptocurrencies | 14 Jul 2020

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, central bank digital currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

The Monetary Authority of Singapore shortlists 14 applicants for digital bank licences

News | Online & Mobile Banking | 19 Jun 2020

Singapore’s central bank has shortlisted 14 applicants for up to five digital bank licences on offer in the city.

Singapore, digital bank, bank, digital, Monetary Authority of Singapore, MAS, retail

BNY Mellon, MAS to build FX pricing and trading engine in Asia

News | Payments General | 05 Jun 2020

BNY Mellon has teamed up with the Monetary Authority of Singapore (MAS) to build a high-performance FX pricing and trading engine.

BNY Mellon, trading desk, cross border payments, Monetary Authority of Singapore, MAS, pricing, Singapore, Asia, bank, fintech, financial sector

Falcon Private Bank to exit private banking in 2021

News | Payments General | 13 May 2020

Switzerland-based Falcon Private Bank has changed its name after confirming it will cease its core activities in 2021 after a strategic review of the business.

Switzerland, private banks, banks, banking, Falcon Private Bank, Swiss Financial Market Supervisory Authority, FINMA, Monetary Authority of Singapore, MAS, Singapore, 1MDB, money-laundering