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.