Tag: Monetary Authority of Singapore
Singapore – Singapore-headquartered digital agency Vertis has secured a two-year contract with the Monetary Authority of Singapore (MAS) following a highly competitive public tender involving more than 15 established industry players. The deal covers the development and maintenance of the MAS website,...
In a joint response, MNOs M1, Singtel, StarHub and SIMBA emphasises their collective adherence to protect its customers.
The Monetary Authority of Singapore (MAS) has directed e-commerce platform Qoo10 to suspend all payment services regulated under the ‘Payment Services Act 2019’ in Singapore, following numerous customer complaints regarding significant delays in processing payments.
Moreover, Tat noted that when MAS assesses the application for a change in substantial shareholder in an insurer, they will consider a range of criteria, in particular, the applicant’s track record, financial soundness, reputation, as well as fitness and propriety.
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have announced the joint launch of the real-time payment system linkage between Malaysia’s DuitNow and Singapore’s PayNow.
The imposed pause was the result of when MAS directed DBS to conduct a third-party independent review of the bank’s systems back in April this year. Through the review, they identified several shortcomings on the bank’s systems which included system resilience, incident management, change management,...
FSTI 3.0 will continue to support advanced capability development and adoption in key areas such as artificial intelligence and data analytics (AIDA), and Regulation Technology (RegTech).
BI and MAS also signed a memorandum of understanding (MOU) today to promote the use of local currencies in bilateral transactions such as trade and direct investments.
The MAS and ABS have advised banks in Singapore to tighten security in their digital banking systems.
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