Monetary Authority of Singapore

Fintech / Regtech

Singapore BNPL Code Enter Next Phase of Implementation

By Editors | 09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.

Big Picture

Singapore Spurs Insurers to Fund Sustainable Infrastructure in Asia

By Ranamita Chakraborty | 08/11/2023

MAS is developing a programme to assist insurers in sustainable infrastructure and a public consultation on capital treatment for such investments.

Fintech / Regtech

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Crypto / Digital Assets

Investor Protection is Key to Singapore, Hong Kong Crypto Regulations

By Nithya Subramanian | 08/11/2023

As Singapore and Hong Kong regulators navigate the fast-changing digital assets landscape, investor protection takes centerstage.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

AML / KYC

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

Securities / Derivatives

MAS Offers Update on Changes to Complex Products Regime

By Manesh Samtani | 05/11/2023

MAS will adopt some changes to streamline the complexity criteria for CIS. Other changes will be addressed in a new consultation in H1 2024.

Enforcement

MAS Imposes Restrictions on DBS Over Service Disruptions

By Editors | 01/11/2023

DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.