Monetary Authority of Singapore
Why banks must act fast on quantum threat
Why banks must act fast on quantum threat
The financial cost of delay would be roughly 2.5% of the information technology budget.
4 days ago
Finance leaders flag governance risks with fast growing fintech systems
Finance leaders discuss macroeconomics, AI, new forms of money, policy sustainability, and more.
4 days ago
Tokenisation, cyber threats top agenda at Singapore FinTech Festival Day 2
MAS unveils pilot for tokenised MAS Bills as leaders warn of rising AI-enabled cyber risks.
4 days ago
MAS completes live trial of interbank lending using wholesale CBDC
SGD Testnet enables financial institutions to settle tokenised financial assets using wholesale CBDC.
5 days ago
Five takeaways from day 1 of the Singapore Fintech Festival
Tokenisation emerges as a key driver of future digital money systems.
5 days ago
Singapore pursues digital economy ties with ASEAN and global blocs: DPM
DPM Gan also said Singapore is focusing especially on financial services to stay globally relevant.
6 days ago
MAS, banks move to address PayNow surcharge amid fee concerns
Singapore’s central bank says banks must ensure transparency as it reviews surcharges on PayNow.
Singapore and Hong Kong enhance banking supervision cooperation
It enhances supervision of cross-border operations of banks under their purview.
QCP Trading granted major payment institution licence in Singapore
It can now offer spot DPT trading services to institutional clients.
Singapore, Brunei establish reciprocal cross-border collateral arrangement
This will allow them to accept a wider range of collateral in their facilities.
TransferMate clinches MAS approval to add payment services
This expands its existing suite of products in Singapore to include storing funds.
Singapore banks’ interest income expected to come weaker in Q2
Net interest margins of the 3 banks are expected to compress by 5-7 basis points.
Singapore and China reaffirm green finance cooperation
They are advancing discussions on taxonomy criteria for transition activities.
ShopBack secures MPI licence in Singapore for payment product
ShopBack Pay is now authorized to provide payment services in the country.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
MAS proposes revisions to PHS, complex products framework
Investment-Linked Policies (ILPs) will require a PHS under the proposals.
Digital token firms serving foreign clients must obtain a license: MAS
Without a license, they will need to cease operations by 30 June.
Commentary
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Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections