Tag: MAS

In a recent announcement by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), major retail banks in Singapore are set to overhaul their security protocols.

Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.

The Bank for International Settlements (BIS) and the MAS have recently collaborated on an innovative initiative.

Singapore has released its Environmental Crimes ML National Risk Assessment (NRA), detailing its exposure to environmental crimes.

Singaporean banking apps have seen a continued increase in downloads with 3.6m downloads in 2023, a 37% increase from 2022. Incumbents recorded the majority...

Key Singaporean FinTech seed investment stats in 2023: • Singaporean FinTech seed funding totalled at $191m in 2023, a 49% drop from 2022 • Singaporean FinTech...

Key Singaporean FinTech investment stats in 2023: • Singaporean FinTech deal activity totalled at 135 transactions in 2023, a 42% reduction from 2022 • Singaporean FinTech...

Transaction reporting is a necessary requirement for countless regulations, and yet Novatus Advisory co-founder Matthew Ranson believes many firms are getting this process wrong, and they might not even be aware of it.

The Monetary Authority of Singapore (MAS) has introduced a sustainable finance framework after two years of consultations.

The MAS has recently completed the first phase of Project MindForge, an initiative focused on establishing a risk framework for GenAI within the financial sector.