MAS

MAS strengthens regulatory measures for digital payment token services

The Monetary Authority of Singapore (MAS) has on Thursday published its final tranche of responses to feedback received on its proposed regulations for digital payment token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm.

Singapore and Indonesia launch cross border QR payments

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have on last Friday launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS…

Malaysia and Singapore launch cross-border real-time payment systems connectivity

Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.

MAS launches digital platform for seamless ESG data collection and access

The Monetary Authority of Singapore (MAS) has on Thursday launched Gprnt (Greenprint), an integrated digital platform that harnesses technology to simplify how the financial sector and real economy collect, access and act upon environmental, social and governance (ESG) data to support their sustainability initiatives.

MAS lays foundation for safe and innovative use of digital money in Singapore

The Monetary Authority of Singapore (MAS) on Thursday unveiled three initiatives to ensure the safe and innovative use of digital money in Singapore, namely a blueprint outlining the infrastructure required for a digital Singapore dollar; expanding digital money trials; and a plan to issue a “live” central bank digital currency (CBDC) for wholesale…

MAS partners industry to develop generative AI risk framework for the financial sector

The Monetary Authority of Singapore (MAS) has on Wednesday announced the successful conclusion of phase one of Project MindForge1 which seeks to develop a risk framework for the use of Generative Artificial Intelligence (GenAI) for the financial sector.

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MAS partners financial industry to expand asset tokenization initiatives

The Monetary Authority of Singapore (MAS) has on Wednesday announced that it is working with the financial industry to expand asset tokenization initiatives and develop foundational capabilities to scale tokenized markets. These developments under Project Guardian will catalyze the institutional adoption of digital assets, with the aim of freeing up…

MAS, Temasek Trust collaborate to accelerate growth of FinTech and impact ecosystem

Monetary Authority of Singapore (MAS) and Temasek Trust have collaborated to accelerate growth of FinTech and impact ecosystem. Temasek Trust has signed a letter of intent (LOI) with the MAS to explore a common FinTech and impact investment roadmap, and an interoperable technology framework to facilitate cross-platform collaborations between open…

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UNDP, MAS and partners launch Universal Trusted Credentials initiative for MSME financing

The United Nations Development Program (UNDP), the Monetary Authority of Singapore (MAS), Bank of Ghana (BoG), Global Legal Entity Identifier Foundation (GLEIF) and the SME Finance Forum announced Tuesday the launch of an open global initiative – Universal Trusted Credentials (UTC) – to improve micro, small and medium-sized enterprises (MSMEs) access to…

MAS finalizes stablecoin regulatory framework

The Monetary Authority of Singapore (MAS) has on Tuesday announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore. The regulatory framework takes into account feedback received, following an October 2022 public consultation.