by Argus | Financial Institutions, Fintech, News, Others
The Monetary Authority of Singapore (MAS) announced that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman...
by Argus | Fintech, Payment Services Bill
The Payment Services Bill (PSB) is an Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters. PSB was passed in Parliament on 14 January 2019 . The PSB act shall repeal the Payment Systems...
by Argus | Compliance, Financial Institutions, Fintech, News
MAS has launched ‘Sandbox Express’ to provide firms with a faster option to market test some innovative financial products and services. Fundamentally, Sandbox Express shortens the approval process for firms to enter the Sandbox by relying on standard disclosures and...
by Argus | Compliance, Financial Institutions, Fintech, News
A set of legally binding requirement was released by MAS today to raise the cyber security standards for the financial industry. This move is made with a view to strengthen the cyber resilience and enforce good cyber hygiene for the sector. MAS had sought the...
by Argus | Financial Institutions, Fintech, News, Regulatory Compliance
MAS considering Virtual Banking License for FinTech firms The Monetary Authority of Singapore (MAS) said on Tuesday it is reviewing whether to offer digital-only banks that have emerged out of FinTech firms a virtual banking license. Since 2000, Singapore-incorporated...
by Argus | Events, Fintech
CNBC Brainstorm Event : Future of Fintech Argus Global MD, Deepesh Agarwal participated in the CNBC’s Brainstorm event : Future of Fintech. It was an exhilarating event that industry leaders from Banks, Asset Management, Fintech Companies with Nancy Hungerford...
