MAS pushes for Quantum Security with Banks and Tech partners
The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral recently signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed […]
MAS and ABS to secure transactions from digital banking scams
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. In consultation with MAS and the Singapore Police Force (SPF), banks are progressively implementing the following additional measures, which will be in full effect by 31 October 2022, require […]
MAS backs FinTech STACS for Singapore ESG Registry
Hashstacs Pte Ltd (‘STACS’) has developed and launched its ESGpedia registry platform. ESGpedia aims to improve sustainability data quality to support more effective sustainable finance. Launched with a live showcase at the Project Greenprint Industry Showcase Event (May 18) organized by the Monetary Authority of Singapore (‘MAS’), Singapore FinTech Association (‘SFA’), and STACS, ESGpedia aggregates, […]
MAS partners with STACS to build Blockchain-based registry for ESG certifications
Singapore FinTech company, Hashstacs Pte Ltd will be developing an industry-wide blockchain-based Environment, Social, and Governance (ESG) Data and Certification Registry. This is in partnership with the Monetary Authority of Singapore’s (MAS) Project Greenprint. The ESG Registry aims to provide accessibility to quality ESG data of various industry sectors through an aggregated platform. The ESG data will include sector-specific […]
Monetary Authority of Singapore And Bank Negara Malaysia to link Paynow and Duitnow in 2022
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time […]
