The Monetary Authority of Singapore has formed a group to develop new strategies and evolve the regulatory structure as more Fintech solutions emerge . These put Singapore in a good position to be a global player in the fintech scene," said the MAS. The MAS Fintech and Technology Group will also work with industry partners on new Fintech solutions . Focus will be placed on payment processing and infrastructure , including how surveillance can be improved to identify and mitigate risks . It will also continue to work with the Ministry of Finance to address payment related issues and guide the development of digital & mobile payment systems .
The Monetary Authority of Singapore has formed a group to develop new strategies and evolve the regulatory structure as more Fintech solutions emerge . The MAS Fintech and Technology Group will also work with industry partners on new Fintech solutions . Focus will be placed on payment processing and infrastructure , including how surveillance can be improved to identify and mitigate risks . It will also continue to work with the Ministry of Finance to address payment related issues and guide the development of digital & mobile payment systems .