Tag: Monetary Authority of Singapore

Singapore’s MAS introduces stricter regulations for digital payment token services

The Monetary Authority of Singapore (MAS) has recently unveiled its comprehensive responses to the feedback on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. These regulations are crucial in shaping the future of digital currencies in the country.

DuitNow and PayNow partner to revolutionise cross-border payments

Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS), the central banks of Malaysia and Singapore respectively, have joined forces to enhance...

Singapore’s Chintai elevates capital markets with B1-led funding

Chintai, a Singapore-based software as a service (SaaS) company, made waves today with the announcement of a significant financing round led by the tech-focused investment firm B1.

MAS promotes AI in finance as FinTech investment in Singapore continues...

Key Singaporen FinTech investment stats in Q3 2023 • Singapore’s FinTech deal activity reached 25 transactions in Q3 2023, a 59% drop YoY • FinTech capital...

Singapore’s single family offices to face strengthened AML controls

The MAS has initiated a consultation on a framework to bolster the surveillance and defence against ML risks in Singapore's SFO sector.

UK and Singapore boost collaboration in sustainable finance and FinTech initiatives

At the recent 8th UK-Singapore Financial Dialogue held in London, the United Kingdom and Singapore underscored their commitment towards enhancing collaborative efforts.

Singapore’s MAS launches Veritas Toolkit 2.0 for responsible AI in FinTech

Singapore's MAS presented a cutting-edge, open-source tool for encouraging the ethical utilisation of AI within the financial sector.

Sunrate clinches $56.1tn from Prosperity7 in series D-1 funding to bolster...

Sunrate, described as an intelligent global payment and treasury management platform, has proudly announced securing a significant investment from Prosperity7 Ventures. The growth fund, operating under Aramco Ventures, took the lead in Sunrate's latest D-1 funding round.

Asia-Pacific defies global FinTech funding decline: How it stands out in...

There has been a global trend within FinTech over the past year – a drop in total funding volume. However, Asia seems to be defying this trend.

MAS releases use case for AI combating greenwashing

The Monetary Authority of Singapore (MAS) has released the first use case of its NovA!, which aims to combat greenwashing.

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