Monetary Authority of Singapore

297 results about this entity

Period: 05 Aug 2010 - 18 Nov 2024

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/payments

Fave receives in-principle approval for MPI Licence from MAS

Fave Singapore, operating under the registered entity name Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group today announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) Licence to offer account issuance, merchant acquisition, and domestic money transfer services.

Banks in Singapore to phase out One-Time Passwords

/security

Banks in Singapore to phase out One-Time Passwords

Banks in Singapore are to phase out the use of phishing-prone One-Time Passwords (OTP) in favour of digital tokens for bank account login.

/ai

Singapore Fintech Festival to turn the spotlight on AI and quantum technologies

The Singapore FinTech Festival (SFF) 2024 will be back for its 9th edition from 6 to 8 November, preceded by the Insights Forum™ from 4 to 5 November.

Paxos approved to issue stablecoins in Singapore

/crypto

Paxos approved to issue stablecoins in Singapore

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

BIS and MAS map blueprint for assessing bank climate risk

/sustainable

BIS and MAS map blueprint for assessing bank climate risk

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.

Central banks to test FX settlement in wCBDC

/payments

Central banks to test FX settlement in wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).

Deutsche Bank joins MAS-led asset tokenisation project

/markets

Deutsche Bank joins MAS-led asset tokenisation project

Deutsche Bank is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.

/startups

UK and Singapore reaffirm fintech co-operation pact

The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today.

MAS lifts six-month IT ban on DBS

/regulation

MAS lifts six-month IT ban on DBS

Singapore's central bank has lifted restrictions on non-essential IT services imposed on DBS Bank in the wake of a series of disruptive outages that hit the bank's payments and ATM services last year.

/security

Monetary Authority of Singapore and Mastercard ink cybersecurity MoU

The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.

/regulation

Nuvei receives Singapore MPI license

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore.

Singapore launches platform to tackle money laundering

/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

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