Monetary Authority of Singapore

297 results about this entity

Period: 05 Aug 2010 - 18 Nov 2024

/regulation

Monetary Authority of Singapore begins collation of 'fairness' metrics for bank AI development

The Monetary Authority of Singapore (MAS) announced today that the first phase of the VeritasVeritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions.

/startups

MAS and AMTD set up S$6 million 'FinTech Solidarity Grant'

The Monetary Authority of Singapore in tandem with the Singapore FinTech Association and AMTD Foundation have set up a S$6 million FinTech Solidarity Grant to support firms grappling with the challenging business climate caused by the Covid-19 pandemic.

/wholesale

Singapore central bank backs Tradeteq quantum credit scoring project

London-based Tradeteq has received funding from Singapore's central bank on a project to develop quantum computing-based credit scoring methods for companies.

/regulation

MAS to extend assessment period for digital bank licences

The Monetary Authority of Singapore (MAS) announced today that it will extend the assessment period for the award of digital bank licences.

/regulation

MAS rolls out $125 million Covid-19 support package for banks and fintechs

The Monetary Authority of Singapore has put together a S$125 million Covid-19 support package to help fintech firms and financial institutions ride out the current slump in economic activity.

/regulation

MAS tells financial institutions to adopt safe distancing measures

The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points.

/regulation

MatchMove files application for digibank licence in Singapore

MatchMove is the latest fintech firm to apply to the Monetary Authority of Singapore for a full digital banking licence, forming a coalition with lender Singapura Finance, clearing and settlement network Lightnet, and banking-as-a-service platform OpenPayd.

/retail

DBS evacuates 300 staff after employee gets coronavirus

DBS has evacuated around 300 staff from its office at the Marina Bay Financial Centre in Singapore after it was confirmed that an employee has been infected with the coronavirus.

MAS raises alert levels to Orange as Coronavirus fears grow

Following the raising of the Disease Outbreak Response System Condition (DORSCON) Alert Level from Yellow to Orange, the Monetary Authority of Singapore (MAS) issued an advisory on 7 February 2020 for financial institutions in Singapore to adopt additional measures and precautions.

/regulation

Singapore and US reach agreement on financial data sharing

U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met in Singapore to discuss the importance of data connectivity in financial services.

/regulation

Monetary Authority of Singapore ushers in new Payments Act

The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act).

/security

MAS alerts financial institutions to vulnerability in Microsoft Windows Operating System

The Monetary Authority of Singapore (MAS) had issued an advisory on 15 January to alert financial institutions in Singapore of critical vulnerabilities in the Microsoft Windows Operating System.