14 Nov '17, 3am

Singapore Steps Up Fintech Initiatives as Festival Unfolds - Bloomberg

The Monetary Authority of Singapore unveiled a raft of new initiatives to further the city’s push into financial technology, including a project to improve banks’ ability to detect money launderers and others on blacklists, and a tie-up with the Canadian central bank on cross-border payments. MAS Managing Director Ravi Menon announced the measures in a speech on Tuesday at the Singapore FinTech Festival , a glitzy networking event that links banking executives with startups. More than 25,000 participants are expected to attend, up from over 13,000 at last year’s inaugural conference, according to a statement released by the MAS and its event partners. “If Singapore is to maintain its position as one of the top financial centers in the world, it must embrace fintech,” Menon said. That means “maximizing its benefits, minimizing its risks.” The initiatives are the latest in a...

Full article: https://www.bloomberg.com/news/articles/2017-11-14/singap...

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Singapore is stepping up its fintech initiatives

bloomberg.com 14 Nov '17, 4am

The Monetary Authority of Singapore unveiled a raft of new initiatives to further the city’s push into financial technolog...

Singapore is stepping up its fintech initiatives

bloomberg.com 14 Nov '17, 4am

The Monetary Authority of Singapore unveiled a raft of new initiatives to further the city’s push into financial technolog...

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