SERVING THE PUBLIC,
- WORKING WITH INDUSTRY
- Industry Initiative on Contract Certainty
- Partnership with Academia
WORKING WITH INDUSTRY
MASNET is the communication hub set up to provide efficient and secured data exchange services between MAS and the financial institutions in Singapore. Today, MASNET has close to 1,000 participating organisations comprising financial institutions, SGX and government agencies using its services. MASNET services include submission of electronic regulatory returns to MAS, exchange of electronic payment instruction and requests from banks for deposit and withdrawal of notes and coins.
In our continuous effort to improve MASNET to support industry needs, MAS launched a new data exchange platform, MASNET-Access, in 2014. MASNET-Access streamlines the data exchange operations between financial institutions and reduces the turnaround time of setting up and exchanging information amongst the participants at a lower cost.