Articles with tag: monetary authority of singapore

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ECXX to launch asset-based digital securities exchange

05 Aug 2020 | Cryptocurrencies

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

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

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

14 Jul 2020 | Cryptocurrencies

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

BIS Innovation Hub to expand to new locations in Europe and North America

01 Jul 2020 | Payments General

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

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

19 Jun 2020 | Online & Mobile Banking

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

ByteDance to apply for Singapore banking licence

15 Jun 2020 | Online & Mobile Banking

China-based ByteDance, an internet technology company, has announced it is going to expand its services into banking by joining forces with Singapore’s Lee family.

ByteDance, partnership, Lee, Singapore, banking, banking licence, internet, technology, digital bank, OCBC Bank, Monetary Authority of Singapore, Alibaba, Ant Financial, Xiaomi, Hong Kong, China

Deutche Bank plans launching e-FX trading hub in Singapore

15 Jun 2020 | Online Payments

Deutsche Bank has announced it will establish an electronic foreign exchange (e-FX) hub in Singapore.

Deutsche Bank, e-FX, Singapore, electronic exchange, exchange, Monetary Authority of Singapore, e-trading, fintech, digital payments, payments, transactions

Singapore Fintech Association to launch self-assessment tool

15 Jun 2020 | E-invoicing, SCF & E-procurement

The Singapore Fintech Association (SFA) has announced launching a digital self-assessment framework for fintechs to accelerate the onboarding of partnerships with banks.

: Singapore, fintech, Singapore Fintech Association, digital, onboarding, partnership, banks, Monetary Authority of Singapore, COVID-19, coronavirus

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

05 Jun 2020 | Payments General

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

13 May 2020 | Payments General

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

The Monetary Authority of Singapore announces USD 125 mln support package for fintechs

08 Apr 2020 | Payments General

The Monetary Authority of Singapore (MAS) has announced a USD 125 million support package to sustain and strengthen capabilities in the financial services and fintech sectors amid the current economic slump. 

The Monetary Authority of Singapore, fintechs, digital, support package

Matchmove partners with OpenPayd in bid for digital bank license in Singapore

23 Mar 2020 | Online & Mobile Banking

Singapore-based fintech MatchMove has submitted an application for a Digital Full Bank License to the Monetary Authority of Singapore. 

MatchMove, OpenPayd, Singapura Finance, partnership, banking-as-a-service, BaaS, Monetary Authority of Singapore, Vivid Card, banking licence, Singapore, Asia, APAC

Singapore to licence neobanks and wholesale banks

11 Mar 2020 | Payments General

Singapore’s regulatory authority has announced that in June 2020 they will issue operational licences to three neobanks in order to provide better services to underbanked enterprises.

digital banking, Singapore, fintech, MAS, Ant Financial, TikTok, licences, neobanks, Monetary Authority of Singapore

Singapore leads Asia Pacific in Open Banking – EPAA report

02 Mar 2020 | Online & Mobile Banking

In its Open Banking APAC report, The Emerging Payments Association Asia has concluded that Singapore takes the lead in matters of Open Banking developments in Asia.

Open Banking APAC, The Emerging Payments Association Asia, Singapore, Open Banking, Asia, APAC, Monetary Authority of SIngapore, open API, banking, open Banking ecosystem

Singapore regulator issues health risk advisory for FIs

11 Feb 2020 | Payments General

The Monetary Authority of Singapore has issued an advisory for FIs in Singapore to adopt recommended precautions by the Ministry of Health and the Ministry of Manpower.

Monetary Authority of Singapore, MAS, Singapore, nCOV, coronavirus, financial institutions, DORSCON, Disease Outbreak Response System Condition, 2019 Novel Coronavirus

Monetary Authority of Singapore commences the Payment Services Act

03 Feb 2020 | Payments General

The Monetary Authority of Singapore has commenced the Payment Services Act (PS Act) to enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use of e-payments.

Monetary Authority of Singapore, Payment Services Act, e-payments, regulation

Mico-coverage insurance consortium Beyond seeks Singapore digital bank licence

06 Jan 2020 | Online & Mobile Banking

Micro-coverage insurance consortium led by V3 Group and contactless card operator EZ-Link has announced applying for digital banking licence in Singapore.

Beyond, Beyond Consortium, The Monetary Authority of Singapore, Singapore, V3 Group, EZ-Link, Singapore Business Federation, Far East Organisation, Mitsui Sumitomo Insurance, Heliconia Capital Manager, investment, SME funding, insurance service, insurance

Ant Financial applies for digital banking license in Singapore

03 Jan 2020 | Online & Mobile Banking

China-based Ant Financial, an affiliate of ecommerce giant Alibaba Group, has joined the race for a digital banking license in Singapore, Business Standard reports.

Ant Financial, Singapore, China, digital banking, ecommerce, banking license, Monetary Authority of Singapore

Monetary Authority of Singapore starts consultation on digital payment tokens, e-money

24 Dec 2019 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) has commenced consultation on E-money and digital payment tokens (DPTs).

MAS, Monetary Authority of Singapore, Payment Services Act, e-money, fintech, financial technology, token, cryptocurrency, Libra, Facebook Libra, stablecoin, Singapore, Asia, APAC

Singapore's central bank to develop prototype for cross-border payments

03 Dec 2019 | Payments General

Monetary Authority of Singapore [MAS] has recently revealed that it had collaborated with J.P. Morgan in order to develop a blockchain-based prototype.

Cross-border payments, blockchain, Monetary Authority of Singapore, J.P. Morgan