Monetary Authority of Singapore - News, Articles & Research

Company announcement/security

Monetary Authority of Singapore and Mastercard ink cybersecurity MoU

The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.

09 April 2024

Company announcement/regulation

Nuvei receives Singapore MPI license

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore.

09 April 2024

News/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024

News/wholesale

AI not ready for central bank policy making - MAS economist

Artificial intelligence is not ready to replace structural models for central bank policy making, according to the Monetary Authority of Singapore's chief economist.

13 March 2024

Company announcement/regulation

Currencycloud granted ‘In-Principle Approval’ for MPI Licence by the Monetary Authority of Singapore

Currencycloud, a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).

06 March 2024

Company announcement/crypto

Bitstamp receives In-Principle License Approval in Singapore

Great news from the Monetary Authority of Singapore (MAS)! We’ve just received the In-Principle Approval (IPA), a crucial step towards obtaining our Major Payment Institution license.

06 March 2024

News/security

Singapore warns banks to prepare for quantum computing cyber threat

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

22 February 2024

Company announcement/sustainable

MAS launches multi-sector transition taxonomy

The Monetary Authority of Singapore (MAS) today launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy) – which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors [1] .

04 December 2023

News/crypto

MAS chief rubbishes private crypto in speech

Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future

29 November 2023

Company announcement/payments

Singapore strengthens regulatory measues for digital payment token services

The Monetary Authority of Singapore (MAS) today published its final tranche of responses to feedback received on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore.

27 November 2023

Company announcement/payments

Singapore and Malaysia connect real-time payment systems

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

17 November 2023

Company announcement/payments

Singapore and Indonesia launch cross-border QR payments

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore.

17 November 2023

Company announcement/markets

Citi develops blockchain FX product under Singapore's Project Guardian

Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.

16 November 2023

News/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

16 November 2023

News/crypto

MAS kickstarts new round of asset tokenization pilots

The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.

15 November 2023

News/regulation

MAS bars DBS from new business ventures and branch closures

The Monetary Authority of Singapore has barred DBS from acquiring new business ventures or shrinking its branch and ATM network as part of an effort to restore the resilience of its digital banking services following a series of disruptive outages.

01 November 2023

News/payments

Singapore to test interoperable QR Code scheme

The Monetary Authority of Singapore (MAS) is launching a proof of concept (POC) for an interoperable Singapore Quick Response Code Scheme (SGQR+).

31 October 2023

News/crypto

Global regulators form asset tokenisation policy forum

Financial regulators from the UK, Singapore, Switzerland and Japan are collaborating on a new project to explore fund and asset tokenisation use cases and decentralised finance.

31 October 2023

Company announcement/security

Banks and telcos to be held jointly responsible for phishing scams in Singapore

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) today published a joint consultation paper proposing a Shared Responsibility Framework (SRF) for phishing scams.

26 October 2023

News/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

25 October 2023