Showing 4218 Documents for "DPT service"
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- MAS
- Media Releases
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- Singapore/Malaysia, 27 September 2021… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. 2. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time fund transfers between Singapore and Malaysia using just a mobile number. Customers
- MAS
- Media Releases
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- Singapore, 17 November 2016… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. Organised as part of the Singapore FinTech Festival, the FinTech Awards recognise innovative FinTech solutions that have been implemented by FinTech start-ups, financial institutions, and technology companies. 2 The FinTech Awards comprise the MAS FinTech Awards and ABS Global FinTech Award. Deputy
- MAS
- Speeches
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- Good morning and thank you for joining us in person for the release of the MAS Annual Report. This year, I will focus my remarks on inflation. It is the key macroeconomic challenge facing the global economy, affecting countries ranging from the United States to Sri Lanka, as well as Singapore. The IMF’s latest projection for global inflation in 2022 is 7.4% . This would be the fastest rate of inflation in the last 25 years. Inflation is a pervasive economic ill – it affects everyone. The lower-income
- MAS
- Media Releases
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- Singapore, 2 June 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. These measures complement those announced on 19 January 2022 . 2. In consultation with MAS and the Singapore Police Force (SPF), banks are progressively implementing the following additional measures, which will be in full effect by 31 October 2022: require additional customer confirmations
- MAS
- Media Releases
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- Singapore, 23 March 2020… The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the national effort to reduce the risk of further local transmission of COVID-19. 2. FIs were asked to strengthen their measures to meet the latest advisory from MAS, as well as the relevant guidance issued
- MAS
- Notices
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- Requirements for payment service providers (other than a digital payment token service provider) on anti-money laundering (AML) and countering the financing of terrorism (CFT) Payment service providers are required to put in place robust controls to detect and deter the flow of illicit funds through
- MAS
- Media Releases
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- Project Nexus will allow countries to link real-time national payment systems with minimal adaptations. Proposed blueprint includes technical standards, operational guidelines and common functionalities. Model builds on successful connection of Singapore and Thailand’s national payment networks. Singapore, 28 July 2021… The Bank for International Settlements Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) today published a proposed blueprint for enhancing global payments
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Proposed Amendments to MAS Notice PSOA-N02 (211.4 KB) Consultation Paper VIEW DOCUMENT Consultation on Proposed Amendments to MAS Notice PSOA-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism Holders of Stored Value Facilities (456 KB) RESPONSE TO FEEDBACK RECEIVED November 2015 Response to Feedback - Proposed Amendments to MAS Notice PSOA- N02 on Prevention of Money Laundering and Countering the Financing
- MAS
- Media Releases
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- Singapore, 14 November 2016… The inaugural Singapore FinTech Festival kicked off today with a series of events that aim to portray the future of a financial industry transformed by innovation and technology. The week-long Festival is organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS), and aims to connect the global FinTech community. The Festival is supported by various sponsors and partners which are key players in the FinTech
- MAS
- Parliamentary Replies
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- QUESTION NO 2215 NOTICE PAPER 878 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 11 January 2022 Name and Constituency of Member of Parliament Ms Joan Pereira, MP, Tanjong Pagar GRC Question: To ask the Prime Minister what measures are there to assist and protect bank customers from losses and penalties suffered due to outages of licensed banks' online systems. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 MAS requires financial institutions (FIs