Monetary Authority of Singapore - News, Articles & Research

Company announcement/inclusion

MAS joins Mojaloop Foundation

The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation announced today that MAS is joining the Mojaloop Foundation as a Sponsor-level member to collaborate on providing the underserved access to affordable financial services through digital currency based settlement systems and foundational digital infrastructure.

26 May 2021

Company announcement/sustainable

Singapore central bank set up green finance industry taskforce

A financial industry taskforce convened by the Monetary Authority of Singapore (MAS) launched today several initiatives to accelerate green finance in Singapore through improving disclosures and fostering green solutions.

19 May 2021

Company announcement/sustainable

Monetary Authority of Singapore invites applications for green fintech accelerator

The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global FinTech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance”.

06 May 2021

Company announcement/regulation

MAS commits $42 million to RegTech grant scheme

The Monetary Authority of Singapore (MAS) announced today a new Regulatory Technology (RegTech) grant scheme and an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption in the financial sector.

30 April 2021

News/payments

Thailand and Singapore launch first linkage of domestic instant payment systems

Singapore and Thailand have linked their respective real-time payment systems, enabling instant transfer of consumer funds across borders.

29 April 2021

News/payments

DBS, Temasek and JPMorgan set up DLT-based payments joint venture

DBS, Temasek and JPMorgan have set up a joint venture company that will use distributed ledger technology to challenge the cumbersome hub-and-spoke model applied to traditional cross-border payment flow.

28 April 2021

Company announcement/regulation

Monetary Authority of Singapore issues guidance on remote working

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued today a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic.

02 March 2021

Company announcement/security

MAS revises cyber risk guidelines

The Monetary Authority of Singapore (MAS) today issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.

18 January 2021

Company announcement

MAS urges Singapore consumers to replace physical notes with remote e-gifting over Lunar New year

The Monetary Authority of Singapore (MAS) encourages Singaporeans to use e-hong baos during the coming Lunar New Year as they will help to reduce queues for physical notes and are more environmentally friendly.

11 January 2021

Company announcement/regulation

Singapore central bank reports successful first phase of ethical AI project

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing.

06 January 2021

News/retail

Singapore builds platform that lets people consolidate financial data

Singapore has launched a data exchange platform that lets people on the island consolidate their financial information held across different government agencies and banks.

08 December 2020

News/regulation

Singapore doles out four digital bank licences

The Monetary Authority of Singapore has awarded full virtual banking licences to a Grab-Singtel consortium and tech giant Sea, and digital wholesale bank licences to Ant Group and a coalition comprising Greenland Financial Holdings Group, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management.

04 December 2020