Finance
Monetary Authority Of Singapore Invites Applications for New Digital Bank Licences
The Monetary Authority of Singapore (MAS) announced today 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 Shanmugaratnam, Senior Minister and Chairman of MAS, that MAS will issue up to two digital full bank …
MAS Issues New Rules To Strengthen Cyber Resilience Of Financial Industry
The Monetary Authority of Singapore (MAS) issued last 6 August 2019 a set of legally binding requirements to raise the cyber security standards and strengthen cyber resilience of the financial sector. The Notice on Cyber Hygiene sets out the measures that financial institutions must take to mitigate the growing risk of cyber threats. The Notice …
How Digital Banking Is Reshaping The Finance Industry
The finance sector has been virtually ever-present across time, just in different forms. In our modern world, innovations to make banking, payments, and transactions easier for clients are continuously popping up. This is especially true in the digital realm of banking. How much did digital banking alter how we deal with finances? Let’s have a …
DBS Named ‘World’s Best Bank’ By Euromoney Magazine
In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards. This was achieved after DBS was named “World’s Best Bank” by leading global financial publication Euromoney in its 2019 Awards for Excellence. It follows the bank’s wins of Global Finance’s “Best Bank in …
IMF Reaffirms Singapore’s Financial Sector Oversight As “Among the Best Globally”
The Monetary Authority of Singapore (MAS) said today that the International Monetary Fund (IMF) has completed its Financial Sector Assessment Programme (FSAP) for Singapore and reaffirmed Singapore’s financial sector oversight to be “among the best globally”. The IMF commented that the economic fundamentals of Singapore were strong and its economic policies sound. Overall, the financial …