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- Singapore, 20 November 2017… The Payments Council has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks. The new SG QR was developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority The SG QR Taskforce, consists of twenty members from payment schemes, issuers, acquirers, banks and relevant Government
- MAS
- Speeches
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- Good morning, and welcome to MAS’ first virtual media conference for the annual report. I hope everyone has been keeping well. GLOBAL ECONOMY Let me begin with the global economy. There are three points I’d like to make. The world is facing an unprecedented economic situation. The outlook is highly uncertain. Recovery will be uneven. The world is facing a public health crisis and a consequent economic crisis . The COVID-19 virus has now spread to all corners of the world. Measures necessary to contain
- MAS
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- Ambassador Gopinath Pillai, Chairman, Institute of South Asian Studies Mr Syed Raza Ali Gillani, Minister for Higher Education, Punjab, Pakistan Mr Amitabh Kant, Chief Executive Officer, National Institution for Transforming India Professor Tan Eng Chye, President, NUS Distinguished guests, ladies and gentlemen, 1. Thank you for inviting me to the opening of the 12th ISAS International Conference on South Asia. I just came back this morning from the 7th Moscow Conference on International Security
- MAS
- Economic Essays
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- This study was published as Special Feature A in the April 2018 Macroeconomic Review. 74 Macroeconomic Review, April 2018 Special Feature A The Promise Of Digital Transformation In ASEAN1 Introduction Since the 1990s, information and communications technologies (ICT) have been exerting an increasingly important impact on the way people live and work around the world. With the proliferation of mobile technology and the advent of the Internet of Things (IoT), ICT holds the
- MAS
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- Dr Johannes Beermann, Member of the Executive Board of the Deutsche Bundesbank His Excellency Dr Ulrich Sante, Ambassador of the Federal Republic of Germany Dr Claus Trenner, President of the Singaporean-German Chamber of Industry and Commerce Distinguished Guests, Ladies and Gentlemen It is my pleasure to join you this morning at the inaugural German-Singaporean Financial Forum. Bilateral Relations Singapore and Germany have strong bilateral relations at many levels. (a) Last year, Chancellor Angela
- MAS
- Media Releases
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- Singapore, 26 June 2023…The Monetary Authority of Singapore (MAS) announced today the release of an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry. 2 The Veritas Toolkit version 2.0 Veritas Toolkit version 2.0 is available at https://github.com/veritas-toolkit/ , developed by an MAS-led consortium of 31 industry players, will help financial institutions (FIs) carry out the assessment methodologies for the Fairness, Ethics, Accountability
- MAS
- Media Releases
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- Singapore, 11 November 2019… The Monetary Authority of Singapore (MAS) announced today the three winners of the Global FinTech Hackcelerator. MAS and The Association of Banks in Singapore (ABS) also announced the 12 winners of the FinTech Awards. Both awards were handed out today at the Singapore FinTech Festival x Singapore Week of Innovation and Technology (SFF x SWITCH). 2 The winners of the Global FinTech Hackcelerator The list of finalists for the Global FinTech Hackcelerator can be found
- MAS
- Speeches
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- Good afternoon to everyone tuning in from Asia, and good morning to the rest watching from across the globe. Let me thank the Maritime and Port Authority (MPA) for the opportunity to deliver this Singapore Maritime Lecture virtually. The global economy is facing its worst crisis since the Second World War. The IMF has forecast that the global economy will shrink by 4.9% this year. According to the WTO, global merchandise trade volumes contracted by an estimated 14% in the first half of 2020. And
- MAS
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- Event to return in 2022, 7-11 November Singapore, 17 November 2021… The sixth edition of the Singapore FinTech Festival (SFF) with the theme “Web 3.0 and its impact on financial services” concluded on 12 November 2021. The week-long event attracted 60,000 attendees, representing a 33% year-on-year growth. 2 SFF 2021 drew over 2 million views. Viewership was extended with live broadcasts on local and international television networks and social media. Of the more than 160 countries represented, 52%
- MAS
- Media Releases
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- Event to return in 2022, 7-11 November Singapore, 17 November 2021… The sixth edition of the Singapore FinTech Festival (SFF) with the theme “Web 3.0 and its impact on financial services” concluded on 12 November 2021. The week-long event attracted 60,000 attendees, representing a 33% year-on-year growth. 2 SFF 2021 drew over 2 million views. Viewership was extended with live broadcasts on local and international television networks and social media. Of the more than 160 countries represented, 52%