MAS has announced a $125 Million support package for the financial and FinTech sectors to deal with the immediate challenges from COVID-19 and position strongly for the recovery and future growth. MAS also launched a $6 Million MAS-SFA-AMTD FinTech Solidarity Grant to help Singapore-based FinTechs sustain operations, retain staff, and offset POC costs.
Singapore’s FinTech journey is about innovation, inclusion and inspiration. Everything we do in FinTech must always have a larger purpose – to improve the lives of individuals, to build a more dynamic economy, to promote a more inclusive society.
- Ravi Menon, Managing Director, MAS
Singapore FinTech Festival 2018
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The Global Trade Connectivity Network (GTCN) is a cross-border Distributed Ledger Technology (DLT) project to digitalise trade and trade finance.
An industry collaboration exploring the use of Blockchain and Distributed Ledger Technology (DLT) for Central Bank Digital Currency.
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Sandbox relaxes specific regulatory requirements to enable live experiments of innovation within boundaries.
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MAS, SFA and AMTD announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19 pandemic. The Grant will help FinTech firms maintain their operations, and enable them to continue to innovate and grow.
MAS announced a S$125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump.
The Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) concluded its combined week-long event on 15 November 2019, which attracted more than 60,000 participants from 140 countries. SFF x SWITCH will return next year from 9 to 13 November 2020.
In his opening remarks at the BIS - World Bank Roundtable on Impact of Technology on Financial Inclusion and Financial Stability, held at SFF x SWITCH 2019, Mr Ravi Menon, Managing Director, MAS, spoke about the importance of innovation and digital finance in achieving sustained and meaningful financial inclusion.
MAS and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. The BIS Innovation Hub will foster innovation and greater collaboration amongst the central banking community globally.
