the Ministry of Finance has formed a group to develop new strategies and evolve the regulatory structure as more Fintech solutions emerge. the Ministry of Finance will also work with industry partners testing new The Monetary Authority of Singapore solutions. The group comprises a Payments and Technology Solutions Office, a Technology Infrastructure Office and a Technology Innovation Lab. The MAS Fintech and Innovation Group will be placed on payment processing and infrastructure, including how surveillance can be improved to identify and mitigate risks. It will also continue to collaborate with Focus to address payment related issues and guide the development of digital & mobile payment systems.
the Ministry of Finance has formed a group to develop new strategies and evolve the regulatory structure as more Fintech solutions emerge. the Ministry of Finance will also work with industry partners testing new The Monetary Authority of Singapore solutions. The MAS Fintech and Innovation Group will be placed on payment processing and infrastructure, including how surveillance can be improved to identify and mitigate risks. It will also continue to collaborate with Focus to address payment related issues and guide the development of digital & mobile payment systems.