Monetary Authority of Singapore (MAS) will commit SGD250 million over the next three years to accelerate technology and innovation-driven growth in the financial sector.
Tag: MAS
Long term economic recovery from COVID-19 will be weak and gradual: MAS Ravi Menon
While a strong short-term growth bounce from the impact of the VODI-19 pandemic is plausible, the longer term recovery is likely to be weak and gradual, said Ravi Menon, Managing Director, MAS.
MAS concludes multi-currency blockchain project, highlights commercial potential
MAS announced the successful conclusion of the fifth and final phase of Project Ubin, a blockchain-based multi-currency payments network prototype developed in collaboration with J.P. Morgan and Temasek.
Supply chain and digital connectivity key in post-COVID-19 world: MAS Ravi Menon
Closer integration – through trade and investment – has underpinned the prosperity and poverty reduction since the second world war, and it is something that needs to be preserved, said Ravi Menon, Managing Director of MAS.
14 digital bank applications to progress to next stage of assessment: MAS
14 of the 21 digital bank applications received by the Monetary Authority of Singapore (MAS) have met the eligibility criteria required for the application to be considered.
Singapore economy expected to shrink 5.8% in 2020: MAS survey
GDP growth is expected to recover to 4.8 per cent in 2021.
Singapore facing most severe recession in history: MAS Ravi Menon
With this year’s GDP growth forecast at –4 to –7 per cent, Singapore is facing the most severe recession in history, said Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS).
MAS launches SGD 1.75 million FinTech challenge focusing on COVID-19 and climate change
Themed “Building Resilience, Seizing Opportunities, Emerging Stronger”, the MAS Global FinTech Innovation Challenge aims to promote FinTech solutions that will help financial institutions adapt to and spur the development of green finance in the post-COVID-19 world.
MAS to develop fairness metrics in usage of AI for credit risk scoring and customer marketing
MAS has announced the commencement of the first phase of the Veritas initiative – a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics.
MAS launches SGD6 million grant to help FinTech companies amid COVID-19 pandemic
Called the MAS-SFA-AMTD FinTech Solidarity Grant, the initiative is a joint effort by MAS, Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation.