Monetary Authority of Singapore

ESG / Sustainability

Singapore Launches New Climate Finance Accelerator

By Editors | 07/11/2022

MAS, Google Cloud and KPMG launched the accelerator to channel capital toward companies with market-ready climate fintech solutions.

Market Infrastructure

MAS to Ban Payment for Order Flow from 1 April 2023

By Manesh Samtani | 07/11/2022

Brokers “should not receive PFOF in placing and/or executing customers’ orders” because it “introduces conflicts of interests” and is “likely to cause harm to customers”, MAS says.

Crypto / Digital Assets

Standard Chartered to Join Partior as Founding Shareholder

By Editors | 06/11/2022

The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.

Fintech / Regtech

MAS to Expand Funding Support for Financial Sector Innovation

By Editors | 06/11/2022

MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.

Fintech / Regtech

MAS to Cooperate with Ghana on Trade and Financial Services

By Editors | 04/11/2022

MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.

Fintech / Regtech

MAS Launches New Initiative to Advance Cross-Border CBDC Work

By Sanday Chongo Kabange | 04/11/2022

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

Fintech / Regtech

MAS Proposes to Eliminate Cheque Usage in Singapore

By Editors | 03/11/2022

MAS proposes that financial institutions collectively cease the issuance of new cheque books to all corporates by end-2024.

Fintech / Regtech

Singapore Launches Digital Banker’s Guarantees, Insurance Bonds

By Editors | 03/11/2022

Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.

Crypto / Digital Assets

MAS Grants Approvals to Stablecoin Issuers Paxos, Circle

By Editors | 03/11/2022

Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.