Singapore’s financial regulator has fired the starting gun on a race to obtain one of a handful of new digital-only banking licences in the Asian financial hub.
On August 29, 2019, the Monetary Authority of Singapore (MAS) announced that it will start to accept applications for new digital bank licences. ...
On August 7, 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express, which provides a faster option for firms to test innovative financial products and services in the market. ...
Singapore has introduced a suite of new cyber-hygiene requirements for financial services firms, despite resistance from payment providers still getting to grips with comprehensive reforms across...
On August 6, 2019, the Monetary Authority of Singapore (MAS) published a new set of operational rules for financial institutions to improve cybersecurity resilience in the city-state’s financial...
On July 5, 2019, the Monetary Authority of Singapore (MAS) released a consultation paper on proposed payment services notices and guidelines. ...
Singapore is opening its digital banking ecosystem to non-banks, unveiling a plan to issue up to five new licences to fintechs in what officials are calling “the next chapter in Singapore's banking...
Fintechs and payment firms could be big winners if Singapore’s financial regulator moves ahead with creating a new virtual banking licence, experts have said.
On June 6, 2019, the Monetary Authority of Singapore (MAS) launched a consultation paper proposing two new payment services notices on the prevention of money laundering and terrorist financing —...
Banks and other financial institutions are failing to grapple with the complex task of ensuring business with the commodities shipping sector does not lure them into the rocky shores of non...
On November 19, 2018, the Monetary Authority of Singapore (MAS) announced that it has finalised the new regulatory framework for payment services in Singapore. The Payment Services Bill includes a...
The central banks of Singapore and Canada have settled reciprocal payments using distributed ledger technology (DLT), the first such successful effort between two central banks, although they have...
On May 2, 2019, the Bank of Canada and the Monetary Authority of Singapore (MAS) jointly published a report titled “Jasper-Ubin Design Paper: Enabling Cross-Border High Value Transfer Using...
On April 25, 2019, the Monetary Authority of Singapore (MAS) updated its E-Payments User Protection Guidelines to clarify that they do not override customers’ instructions to their financial...
On April 10, 2019, the Monetary Authority of Singapore (MAS) released a consultation paper on proposed payment services regulations. The consultation follows the recent adoption of the Payment Ser...
Proliferation financing looks set to become a growing priority for financial institutions, as more governments and trade bodies follow the lead of the Financial Action Task Force (FATF) and turn...

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