Monetary Authority of Singapore - News, Articles & Research

Company announcement/startups

Australia and Singapore to deepend fintech collaboration

Australia Treasury and the Monetary Authority of Singapore (MAS) have signed the Australia-Singapore FinTech Bridge Agreement to strengthen cooperation between the FinTech ecosystems of both countries.

13 April 2022

News/regulation

BIS releases 'game-changing' SupTech prototype

The BIS Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) have developed a new prototype platform that integrates regulatory data with articles and news to help identify potential risks to individual banks and the banking system.

31 March 2022

News/crypto

Central banks develop prototypes for cross-border CBDC interoperability

The Bank for International Settlements and the central banks of Australia, Malaysia, Singapore and South Africa have developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks.

22 March 2022

Company announcement/regulation

Singapore approves Paxos for digital payments token services

Paxos, the leading regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS), a premier financial regulator in Asia-Pacific, to operate digital payments token services under the Payment Services Act 2019.

10 March 2022

Company announcement/security

MAS to lay down further measures to strengthen response to phishing scams

I am speaking in the capacity as Finance Minister and Deputy Chairman of the Monetary Authority of Singapore (MAS). Today, Minister Josephine Teo, Minister-of-State Desmond Tan and I will address a total of 391 parliamentary questions that have been posed to MAS, MCI, and MHA arising from the recent OCBC phishing scams.

15 February 2022

News/regulation

MAS raises DBS' capital requirement following two-day outage

The Monetary Authority of Singapore has raised capital requirements for DBS Bank by S$930 million following the widespread unavailability of the lender's digital banking services in November.

08 February 2022

News/regulation

Singapore builds software toolkit to help FIs use AI responsibly

The Monetary Authority of Singapore and a host of industry players have released an open-source toolkit to help financial institutions use artificial intelligence ethically and responsibly.

07 February 2022

News/security

Singapore banks act to tackle spate of SMS phishing scams

Banks in Singapore are set to remove clickable links in emails and text messages sent to retail customers after a spate of SMS phishing scams.

21 January 2022

Company announcement/sustainable

MAS appoints fintech lead Menon as chair of the Network for Greening the Financial System

The Network for Greening the Financial System (NGFS) today announced the appointment of Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), as their new Chair for a two-year term.

18 January 2022

News/regulation

MAS threatens action over DBS outage

Singapore's banking regulator is set take action against DBS Bank following a prolonged two-day outage that has prevented customers from logging into the bank's digital services.

25 November 2021

News/crypto

Singapore Fintech Festival 2021: MAS global CBDC challenge winners revealed

Concluding Singapore Fintech Festival for another year, the Monetary Authority of Singapore (MAS) has announced the three winners of the global CBDC challenge after five months of competition among more than 300 submissions from over 50 countries.

12 November 2021

Company announcement/payments

MAS signals breakthrough in cross-border trade finance

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.

11 November 2021