Monetary Authority of Singapore - News, Articles & Research

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

News/payments

Singapore opens faster payment plumbing to non-banks

The Monetary Authority of Singapore is to inject further competition into the market for payment services by opening up direct access to the nation's real-time payment plumbing to non-bank financial institutions (NFIs).

30 November 2020

Company announcement/startups

MAS announces 20 finalists for the 2020 Global FinTech Hackcelerator

The Monetary Authority of Singapore (MAS) announced today the 20 finalists for the 2020 Global FinTech Hackcelerator.

25 November 2020

Company announcement/identity

MAS consults on ID verification

The Monetary Authority of Singapore (MAS) today issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity.

10 November 2020