Monetary Authority of Singapore - News, Articles & Research

MAS threatens action over DBS outage

Singapore's banking regulator is set take action against DBS Bank following a prolonged two-day outage that has prevented customers from logging into the bank's digital services.

25 November 2021

News/crypto

Singapore Fintech Festival 2021: MAS global CBDC challenge winners revealed

Concluding Singapore Fintech Festival for another year, the Monetary Authority of Singapore (MAS) has announced the three winners of the global CBDC challenge after five months of competition among more than 300 submissions from over 50 countries.

12 November 2021

Company announcement/payments

MAS signals breakthrough in cross-border trade finance

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.

11 November 2021

Company announcement/sustainable

MAS to pilot four digital platforms under Project Greenprint

The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.

09 November 2021

Company announcement/regulation

MAS offers financial inducements to first movers of tech innovations to join regulatory sandbox

The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption.

09 November 2021

Company announcement/sustainable

Stacs to build blockchain-based registry for ESG certifications as part of MAS Project Greenprint

Singapore FinTech company, Hashstacs Pte Ltd (“STACS”) will be developing an industry-wide blockchain-based Environment, Social, and Governance (ESG) Data and Certification Registry.

09 November 2021

Company announcement/payments

MAS and BSP to exploore cross-border payment linkages

The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines.

08 November 2021

Company announcement/retail

Singapore launches national programme for artificial inteliigence in finance

The National Artificial Intelligence (AI) Programme in Finance was launched today at the Singapore FinTech Festival x Singapore Week of Innovation and TeChnology (SFF x SWITCH) 2021 by Mr Heng Swee Keat, Deputy Prime Minister.

08 November 2021

Company announcement/sustainable

MAS names Global FinTech Hackcelerator finalists

The Monetary Authority of Singapore (MAS) announced today the finalists for the Global FinTech Hackcelerator, as well as the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the key highlights of SFF 2021, which will take place from 8 to 12 November 2021.

29 October 2021

News/Sibos

Sibos 2021: Digital identity for an interoperable and accessible future

Diving straight in to substantive content on day one of Sibos 2021, Brad Carr, managing director of digital finance at the Institute of International Finance led discussion during the morning panel ‘Digital Identity – Balancing between convenience and trust.’

11 October 2021

News/crime

Singapore preps data sharing platform to tackle money laundering

The Monetary Authority of Singapore (MAS) is building a digital platform that lets banks share information on customers and transactions in order to tackle money laundering, terrorism financing and proliferation financing.

05 October 2021

News/payments

Singapore and Malaysia link faster payment systems

Fresh from a faster payments link-up with India, the Monetary Authority of Singapore has announced plans to commence a phased linkage of the country's PayNow plumbing with Malaysia’s DuitNow real-time payment systems.

27 September 2021

News/crime

Crooks hijack bank OTPs to make fraudulent card payments

Hackers managed to hijack one-time passwords (OTPs) sent via SMS by Singapore banks to customers and use them to carry out fraudulent credit card transactions worth a total of S$500,000.

17 September 2021

News/payments

India and Singapore to link faster payment systems

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have unveiled a project to link their respective fast payment systems, enabling users to make instant, low-cost fund transfers on a reciprocal basis without a need to get onboarded onto the other payment system.

14 September 2021

News/crypto

Central banks to develop prototypes for cross-border CBDC settlement

The Bank for International Settlements has enlisted the central banks of Malaysia, Singapore, South Africa and Australia to test the use of central bank digital currencies (CBDCs) for international settlements.

02 September 2021

News/sustainable

London Stock Exchange sets up sustainable finance unit in Singapore

The London Stock Exchange has launched a dedicated sustainable finance innovation unit in Singapore as part of its new LSEG Labs network,

01 September 2021

News/crypto

ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize

Global banks ANZ, Citibank, HSBC and Standard Chartered are among the 15 finalists selected by the Monetary Authority of Singapore for a competition aimed at overcoming problems in the development of a retail central bank digital currency.

31 August 2021

Company announcement/crypto

MAS picks CBDC challenge finalists

The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge).

30 August 2021

Company announcement/security

US Treasury and MAS ink cybersecurity MoU

On August 23, 2021, the United States Department of the Treasury (“Treasury”) and the Monetary Authority of Singapore (“MAS”) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation.

23 August 2021

Company announcement/startups

MAS to spin off Singapore Fintech Festival as a stand-alone entity

The Monetary Authority of Singapore (MAS) today announced that the Singapore FinTech Festival (SFF) will take place from 8 to 12 November, as a hybrid digital and physical event.

04 August 2021