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Singapore and Hungary strengthen cooperation in fintech

News | Payments General | 09 Dec 2020

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) today signed a Co-operation Agreement (CA) to strengthen cooperation in fintech innovation between Singapore and Hungary. 

The Monetary Authority of Singapore, Magyar Nemzeti Bank, fintech

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

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

News | Payments General | 08 Apr 2020

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

Mico-coverage insurance consortium Beyond seeks Singapore digital bank licence

News | Online & Mobile Banking | 06 Jan 2020

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

MAS helps develop blockchain-based prototype for multi-currency payments

News | Payments General | 11 Nov 2019

The Monetary Authority of Singapore (MAS) has led the development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network.

The Monetary Authority of Singapore, payments , blockchain, trade finance

Singapore launches new e-service for trade finance

News | E-invoicing, SCF & E-procurement | 06 Sep 2019

Singapore Customs, the Monetary Authority of Singapore, in partnership with other financial institutions, have created a new e-service for trade finance.

Singapore Customs, The Monetary Authority of Singapore, Singapore, trade finance e-service, national trade finance, financial institution, trade finance, BNP Paribas, DBS Bank, ICBC, MUFG Bank, OCBC Bank, UOB

Singapore opens applications for new digital bank licences

News | Online & Mobile Banking | 30 Aug 2019

The Monetary Authority of Singapore has invited applications for new digital bank licences.

Singapore, The Monetary Authority of Singapore, digital bank licence, Open Banking, Asia, APAC; digital banking

MAS inks pact to promote fintech collaboration between Singapore and China

News | Payments General | 14 May 2019

The Monetary Authority of Singapore (MAS) has signed a cooperation agreement with the Asia-Pacific Future Financial Research Institute, a non-profit organisation and think tank.

The Monetary Authority of Singapore, Asia-Pacific Future Financial Research Institute, fintech, collaboration, agreement