Monetary Authority of Singapore - News, Articles & Research

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

Company announcement/sustainable

MAS to pilot four digital platforms under Project Greenprint

The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.

09 November 2021

Company announcement/regulation

MAS offers financial inducements to first movers of tech innovations to join regulatory sandbox

The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption.

09 November 2021

Company announcement/sustainable

Stacs to build blockchain-based registry for ESG certifications as part of MAS Project Greenprint

Singapore FinTech company, Hashstacs Pte Ltd (“STACS”) will be developing an industry-wide blockchain-based Environment, Social, and Governance (ESG) Data and Certification Registry.

09 November 2021

Company announcement/payments

MAS and BSP to exploore cross-border payment linkages

The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines.

08 November 2021

Company announcement/retail

Singapore launches national programme for artificial inteliigence in finance

The National Artificial Intelligence (AI) Programme in Finance was launched today at the Singapore FinTech Festival x Singapore Week of Innovation and TeChnology (SFF x SWITCH) 2021 by Mr Heng Swee Keat, Deputy Prime Minister.

08 November 2021