Showing 4089 Documents for "payment services"

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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021… The Monetary Authority of Singapore (MAS) today announced  the three winners of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles. The Veritas framework was highlighted by Mr Heng Swee Keat, Deputy Prime Minister of Singapore, in his speech laying out Singapore’s National AI Strategy at SFF x SWITCH in 2019. Challenge 2021. The winners, selected from a pool of ten
    • PDPC
    • Public Consultations

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    • SUBMISSION OF COMMENTS RELATING TO THE PDPC CONSULTATION PAPER DATED 5 FEBRUARY 2013 ON PROPOSED REGULATIONS ON DATA PROTECTION IN SINGAPORE Submitted by: Singapore Management University Office of Legal and General Affairs 81 Victoria Street Singapore 188065 Contact persons: Ms France Ng (franceng@smu.edu.sg) Mr Yeo Lih Wei (lwyeo@smu.edu.sg) -------- Summary of Major Points 1) Our submissions deal primarily with Part IV of the Public Consultation
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021… The Monetary Authority of Singapore (MAS) today announced  the three winners of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles. The Veritas framework was highlighted by Mr Heng Swee Keat, Deputy Prime Minister of Singapore, in his speech laying out Singapore’s National AI Strategy at SFF x SWITCH in 2019. Challenge 2021. The winners, selected from a pool of ten
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 14 November 2022… The seventh edition of the Singapore FinTech Festival (SFF), which concluded on 4 November 2022, attracted more than 62,000 participants from over 115 countries. This was the largest SFF gathering since the inaugural edition in 2016. 2. SFF 2022 featured more than 850 speakers from private and public sectors who participated in plenary sessions, industry panels and roundtables. The SFF Exhibition saw more than 570 exhibitor booths, including 25 international country pavilions
    • MAS
    • Parliamentary Replies

    Last revised date:

    • Household debt repayment burden, i.e. the proportion of personal disposal income used to service debt payments including both interest and principal, was 25% in 1996. 
    • MAS
    • Parliamentary Replies

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    • QUESTION NO 2511 NOTICE PAPER 959 OF 2022 FOR ORAL ANSWER Date: For Parliament Sitting on 18 February 2022 Name and Constituency of Member of Parliament Mr Lim Biow Chuan, MP, Mountbatten SMC Question: To ask the Prime Minister whether MAS will regulate the imposition of credit card fees by banks such that all consumers are treated fairly. Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 26 October 2017...The Monetary Authority of Singapore (MAS) today announced the following changes to its senior management team: Ms Ho Hern Shin, currently Executive Director (Insurance Department), will be appointed as Assistant Managing Director (Banking & Insurance).  She will take over the position from Mr Chua Kim Leng, who has requested to relinquish his current role to take up an advisory position. Mr Chua will be appointed as Special Advisor (Financial Supervision Group). Ms Loo
    • MAS
    • Notices

    Last revised date:

    • Requirements for scheme members to submit their asset maintenance ratio for deposit insurance. This notice applies to Deposit Insurance Scheme members. It sets out the requirements for Scheme members to submit returns relating to their deposit insurance asset maintenance ratio and insured deposit base. Amendment Notes 31 Dec 2018 Notice DIA-N01 (Amendment) 2018 (727.9 KB) takes effect. 01 Jan 2017 Notice DIA-N01 (Amendment) 2016 takes effect. 01 May 2011 Notice DIA–N01 dated 5 January 2006 is cancelled
    • MAS
    • Financial Stability Reviews

    Last revised date:

    • Structurally, the use of credit cards could be on a decline with increased options of non-credit e-payment services that provide the same convenience for payments as credit cards. -------- Singapore Household Sector 37 Chart 3.14 Credit card debt continued to moderate against GDP over the past
    • MAS
    • Economic Essays

    Last revised date:

    • This study was published as Special Feature A in the April 2008 Macroeconomic Review. 78 Macroeconomic Review, April 2008 Special Feature A The Fall in the US Dollar and its Status as a Reserve Currency Introduction Since its most recent peak in early 2002, the US$ has weakened significantly against the major currencies, including the euro, Swiss franc and the Canadian dollar. Together with the sizeable US current account deficit, this has