Singapore

AML / KYC

Singapore, UAE Conclude Digital Trade Financing Pilot

By Editors | 12/11/2021

The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

Market Infrastructure

MAS Raises Corporate Governance Expectations for FIs

By Sanday Chongo Kabange | 12/11/2021

New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

By Editors | 11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

Securities / Derivatives

More than 400 VCCs Established in Singapore to Date: MAS

By Editors | 11/11/2021

As of mid-October, about 300 asset managers have incorporated or re-domiciled more than 400 VCCs in Singapore.

Fintech / Regtech

MAS to Build Out CBDC Infrastructure, Technical Competencies

By Manesh Samtani | 10/11/2021

Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.

Fintech / Regtech

MAS to Launch Decentralised Credentials Platform for Fintechs

By Mark Johnston | 09/11/2021

MAS is launching a decentralised platform that will help banks assess the credentials, compliance readiness and credibility of fintech firms.

Fintech / Regtech

Project Greenprint: MAS Unveils Plans to Boost Green Finance

By Darien Choong | 09/11/2021

To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.

Fintech / Regtech

MAS Unveils Planned Enhancements to Fintech Regulatory Sandbox

By Sanday Chongo Kabange | 09/11/2021

From 1 January 2022, ‘Sandbox Plus’ will be introduced to provide more effective one-stop assistance to innovative fintech firms.

Fintech / Regtech

Singapore to Deepen AI Capabilities in Financial Sector

By Mark Johnston | 09/11/2021

Singapore has pledged an additional S$180mn in additional AI research funding to enhance the financial sector’s AI capabilities.