30 Sep '16, 9pm

Singapore Eyes London's FinTech Top Spot

“A more calibrated regulatory regime, applied on an activity basis to payment service providers, rather than specific payment systems, would allow the Monetary Authority of Singapore (MAS) to better address specific issues, such as consumer protection, access and corporate governance,” the agency stated. “It would also give MAS the flexibility to address emerging risks, such as cybersecurity, interoperability, technology and money laundering and terrorism financing. It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.”

Full article: http://www.pymnts.com/news/international/2016/singapore-f...

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