Monetary Authority of Singapore
ANZ joins Singapore’s Project Guardian
ANZ joins Singapore’s Project Guardian
The bank will explore blockchain interoperability to exchange tokenised real-world assets.
Qoo10 ordered to suspend payments in Singapore
It was unable to prove it can meet its payment obligations to merchants on time, MAS said.
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
MAS, IBF working on gen AI job impact map
Separately, the IBF has given out skills badges to 3,000 professionals.
Singapore’s financial sector employment rose 4,800 in 2023
The financial sector made up 14% of Singapore’s GDP in 2023.
Labour force upskilling needed as SG nears 'super-aged' status
The future growth must be productivity-led, said DPM Gan Kim Yong.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Enough steps taken to ensure support with digital banking: MAS
Deploying ambassadors and phone banking were some of solutions rolled out.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Singapore, Japan renew bilateral swap arrangement
Singapore can swap up to $3b whilst Japan can swap up to US$1b.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
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