Monetary Authority of Singapore

    Fintech / Regtech

    MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

    By Editors | 01/05/2021

    The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.

    Fintech / Regtech

    MAS to Explore Options for Connecting m-CBDC Platforms

    By Sanday Chongo Kabange | 30/04/2021

    MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.

    Fintech / Regtech

    Singapore, Thailand Launch Real-time Payment Link

    By Manesh Samtani | 29/04/2021

    The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.

    Fintech / Regtech

    DBS, JP Morgan, Temasek Team Up on Cross-border Payments

    By Manesh Samtani | 28/04/2021

    An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.

    Securities / Derivatives

    MAS Forms Industry Group to Develop Asset Management Sector

    By Editors | 28/04/2021

    The Singapore Funds Industry Group will bring together key players to formulate strategies to develop the asset management ecosystem.

    ESG / Sustainability

    IMAS Launches ESG E-Learning Module for Asset Managers

    By Editors | 27/04/2021

    The module covers the EnRM Guidelines issued by MAS in December, supplemented with case studies to facilitate application by the industry.

    Fintech / Regtech

    MAS Calls on Governments to Advance Digital Infrastructure

    By Sanday Chongo Kabange | 27/04/2021

    MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

    Enforcement

    SG Police Lay More Charges in Nickel Trading Fraud Case

    By Editors | 26/04/2021

    Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.

    Securities / Derivatives

    Deutsche to Move Pricing Engine for EM Currencies to Singapore

    By Ranamita Chakraborty | 20/04/2021

    The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.

    AML / KYC

    SG Police Probe 31 Individuals for China Official Impersonation Scams

    By Ranamita Chakraborty | 19/04/2021

    Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.

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