Preparing for a quantum future: what’s next for quantum computing in financial services?
As we move closer to Q-Day, how can the financial industry prepare for a quantum future?
Monetary Authority of Singapore
November 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
MAS and Banque de France trial post-quantum cryptography to secure financial communications
The tests paired Microsoft Outlook with PQC plugin algorithms.
MAS’ Project Guardian pilots settlement of tokenised fund subscriptions and redemptions using Swift
The initiative was led by Swift, UBS Asset Management and blockchain platform Chainlink.
August 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
DBS, HSBC, OCBC, UOB, SPTel and SpeQtral are all set to take part.
July 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in July.
Paxos secures Singapore MPI licence and DBS Bank partnership for stablecoin issuance
Singapore becomes the third market worldwide where Paxos is licenced to issue stablecoins.
BIS readies for live implementation of Project Nexus in Asia
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
BIS and MAS partner to develop blueprint for climate risk framework
The pair have named the initiative Project Viridis.
Deutsche Bank to explore asset tokenisation applications as part of MAS’ Project Guardian
The bank will collaborate with Interop Labs and Memento Blockchain as part of the project.
UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
FinTech Futures: Top five news stories of the week – 5 April 2024
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
FinTech Futures: Top five stories of the week – 3 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Regulators of UK, Singapore, Switzerland and Japan launch collaborative effort to explore digital asset use cases
Project Guardian aims to share knowledge about the benefits and risks of asset and fund tokenisation.
MAS orders DBS Bank and Citibank to investigate banking services disruption
The banks were unable to recover their systems within the allotted time following a service outage in Singapore.
Coinbase receives payment licence from Monetary Authority of Singapore
The news follows a year after the crypto heavyweight received its In Principle Approval (IPA) from MAS.
Project Mariana successfully completes cross-border settlement of wholesale CBDCs
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
FinTech Futures: Top five stories of the week – 8 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
MAS appoints Chia Der Jiun as managing director with Ravi Menon set to retire
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
MAS firms up regulatory framework for stablecoins
Issuers in Singapore will have to fulfil requirements to be recognised and labelled as “MAS-regulated stablecoins”.
MAS pledges up to $112m towards tech and innovation in financial sector
The funding comes as part of a renewal of the Financial Sector Technology and Innovation Scheme (FSTI 3.0).
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Singapore and UAE conduct first cross-border digital trade document transfer
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
Monetary Authority of Singapore and Banque de France conduct cross-border CBDC test
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Singapore pledges $32m to help regtechs take POCs to market
Welcome to “the Valley of the Valuable POCs”, says MAS chief fintech officer
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Singapore issues digital bank licences to Grab, Ant & Sea
The regulator has issued four licences, rather than five.
MAS completes multi-currency blockchain testing
The blockchain network is jointly developed with JP Morgan and investment firm Temasek.
MAS launches $1.25m fintech challenge to tackle climate change & COVID-19
Up to 12 winners will be selected to receive in prize money.
BNY Mellon plans Singapore FX engine in partnership with MAS
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
JP Morgan sets up new FX infrastructure in Singapore
US bank goes live with fourth centre with help from MAS.
Singapore’s digital bank licence race heats up with 21 bidders
Roughly 50 companies are involved in the bidding.
Banks must improve cyber risk culture, says MAS panel
Singaporean regulator’s experts call out bank culture.
Sibos 2019: Banks must improve data handling to root out financial crime
Applying AI needs to be done when data is set right, says panel
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Singapore regulator’s new tech group targets risky business
Monetary Authority of Singapore makes some changes and gets truly focused.
Singapore regulator warns of national cryptocurrency scam
Websites falsely claim that Singapore is adopting a cryptocurrency as its official coin.
Singapore regulator makes payments top Bill-ing
Monetary Authority of Singapore finalises its Payment Services Bill.
