FinTech Co-operations

Co-operation Agreements

To date, MAS has signed 29 FinTech Co-operation Agreements (CAs) with our international counterparts to foster closer cooperation on FinTech, as well as to promote innovation in financial services in their respective markets. For more information regarding each CA, please contact fintech_office@mas.gov.sg.

Country/ Region

Authority

Date Signed

Information Sharing

Referral

Joint Projects

Abu Dhabi

Abu Dhabi Global Markets Financial Services Regulatory Authority (ADGM)

8 March 2017 x x

Australia

Australian Securities and Investments Commission (ASIC)

16 June 2016

x

x

x

Bahrain

Central Bank of Bahrain (CBB)

13 November 2018

x

x

x

Brunei

Autoriti Monetari Brunei Darussalam (AMBD)

12 May 2018

x

x

x

China

People's Bank of China (PBC)

14 November 2018

x

 

x

Denmark

Danish Financial Supervisory Authority (Danish FSA)

29 June 2017

x

x

x

Dubai

Dubai Financial Supervisory Authority

29 August 2018

x

x

x

Egypt

Central Bank of Egypt
(CBE)

14 February 2018

x

x

x

France

Autorité de Contrôle Prudentiel et de Résolution (ACPR)

27 March 2017

x

x

 

Autorité des Marchés Financiers (AMF)

27 March 2017

x

x

 

Hong Kong

Hong Kong Monetary Authority (HKMA)

25 October 2017

x

x

x

India

Government of Andhra Pradesh (GoAP)

22 October 2016

x

 

x

Department of Economic Affairs
(DEA)

2 June 2018

x

 

x

Government of Maharashtra (GoM)

26 February 2018

x

 

x

 

 

Indonesia

Otoritas Jasa Keuangan (OJK)

 11 October 2018

x

x

x

Japan

Japanese Financial Services Agency (FSA)

13 March 2017

x

x

 

Kazakhstan

Astana Financial Services Authority (AFSA) and Astana International Financial Centre Authority (AIFCA)

12 November 2018

x

x

x

Korea

Korean Financial Services Commission (KFSC)

16 July 2018

x

x

x

Latin America and Caribbean

Inter-American Development Bank (IDB) Group

13 November 2018

x

 

x

Lithuania

Bank of Lithuania

14 March 2018

x

x

x

Malaysia

Malaysia Securities Commission
(Malaysia SC)

15 September 2017

x

x

x

Philippines

Bangko Sentral ng Pilipinas (BSP)

3 December 2017

x

x

x

Poland

Polish Financial Supervisory Authority (KNF)

15 November 2017

x

x

x

Switzerland

Swiss Financial Market Supervisory Authority (FINMA)

12 September 2016

x

x

x

Thailand

Bank of Thailand (BOT)

11 July 2017

x

x

x

United Kingdom

Financial Conduct Authority (FCA)

11 May 2016

x

x

 

United States of America

Association of Supervisors of Banks of the Americas (ASBA)

9 June 2017

x

x

 x

Commodity Futures Trading Commission (CFTC)

13 September 2018 

x

x

x

Vietnam

State Bank of Vietnam (SBV)

25 April 2018

x

 

 


Global Financial Innovation Network

The Global Financial Innovation Network (GFIN) was formally launched in January 2019 by an international group of financial regulators and related organisations, including MAS.

The GFIN is a network committed to supporting financial innovation in the interests of consumers. It seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes a pilot for firms wishing to test innovative products, services or business models across more than one jurisdiction.

It also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

Refer to full list of GFIN membership here.

Cross-border testing applications - pilot phase for firms

To support the development of cross border testing we have opened a 1 month application window for firms interested in joining a pilot cohort for cross-border testing. Firms interested in applying to GFIN cross-border testing should review the list of regulators currently able to support the pilot test and submit an application to each jurisdiction in which they would like to test before the 28 February 2019 deadline.

 

Last Modified on 12/02/2019