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    • MAS
    • Consultations

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    • MAS Notice PSN02 Prevention of Money Laundering and Countering the Financing of Terrorism Digital Payment Token Service 34. MAS Notice PSN10 Prevention of Money Laundering and Countering the Financing of Terrorism Exempt Payment Service Providers 35.
    • MAS
    • Media Releases

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    • Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) and Elevandi  today announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’ . SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services. Organised by MAS and Elevandi A not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore
    • MAS
    • Speeches

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    • Mr Ravi Menon, Chairman of IBF, Council Members (who have joined us virtually), Awards Recipients, Distinguished guests, Ladies and gentlemen, 1.      Thank you for inviting me to join you on this rather special occasion. 2.      I want to thank Mr Nam Sin for sharing with us earlier the words of our then-Minister of Finance, Mr Hon Sui Sen. Indeed, what he says is a timely reminder that the future of work is always evolving and workforce transformation is a journey without an end. 3.      I want
    • PDPC
    • Public Consultations

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    • Dear PDPC We are writing on behalf of Aviva Asia Digital Pte Ltd (“AADPL”), a subsidiary of the Aviva Group, which drives the digital strategy of Aviva in Asia including Singapore. AADPL intends to, subject to appropriate regulatory approval, distribute financial products digitally. We refer to your consultation on the approaches to managing personal data in the digital economy. Our feedback is appended below for your kind consideration please: 1. We appreciate PDPC’s consultation
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 14 November 2018… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival . 2   This year’s winning solutions have a greater ASEAN representation In conjunction with Singapore’s ASEAN Chairmanship this year, the scope of the FinTech Awards’ SME and Open categories was to include ASEAN companies outside Singapore. and
    • PDPC

    Last revised date:

    • TECHNICAL GUIDE TO ADVISORY GUIDELINES ON THE PERSONAL DATA PROTECTION ACT FOR NRIC AND OTHER NATIONAL IDENTIFICATION NUMBERS -------- -------- CONTENTS PURPOSE OF THIS GUIDE INTRODUCTION ALTERNATIVES TO NRIC NUMBERS - User Selected Identifier/User Name - Organisation Selected Identifier - Email Address - Mobile Number - Combination of Identifiers - Partial NRIC Number REPLACING NRIC NUMBER IN EXISTING SYSTEMS - Preparation - Implementation - Post Implementation
    • PDPC

    Last revised date:

    • TECHNICAL GUIDE TO ADVISORY GUIDELINES ON THE PERSONAL DATA PROTECTION ACT FOR NRIC AND OTHER NATIONAL IDENTIFICATION NUMBERS -------- -------- CONTENTS PURPOSE OF THIS GUIDE INTRODUCTION ALTERNATIVES TO NRIC NUMBERS - User Selected Identifier/User Name - Organisation Selected Identifier - Email Address - Mobile Number - Combination of Identifiers - Partial NRIC Number REPLACING NRIC NUMBER IN EXISTING SYSTEMS - Preparation - Implementation - Post Implementation
    • PDPC
    • Help & Resources

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    • The NRIC number of an individual is considered personal data as it can be used to identify the individual, and can be used to access large amounts of information relating to the individual, such as the individuals’ name, address, contact numbers, income information and health information. Organisations should thus avoid the use of NRIC numbers as user names or unique identifiers in their applications, websites or public-facing systems. This guide aims to provide organisations with some tips for the
    • PDPC

    Last revised date:

    • GUIDE TO ACCOUNTABILITY UNDER THE PERSONAL DATA PROTECTION ACT -------- -------- CONTENTS THE NEED FOR ACCOUNTABILITY IN A DIGITAL ECONOMY ACCOUNTABILITY PRINCIPLE ACCOUNTABILITY WITHIN AN ORGANISATION ACCOUNTABILITY WITHIN INDUSTRY ACCOUNTABILITY IN ENFORCEMENT ANNEX 4 6 8 15 17 19 -------- 4 THE NEED FOR ACCOUNTABILITY IN A DIGITAL ECONOMY -------- GUIDE TO ACCOUNTABILITY UNDER THE PERSONAL DATA PROTECTION ACT 5 Organisations today operate
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback on Proposed Amendments to MAS 637 (71.2 KB) Consultation Paper VIEW DOCUMENT Proposed Amendments to MAS Notice 637 to Implement Basel III Capital Standards in Singapore (7.14 MB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED AMENDMENTS TO MAS NOTICE 637 TO IMPLEMENT BASEL III CAPITAL STANDARDS IN SINGAPORE Introduction 1.1 On 28 December 2011, MAS issued a consultation paper inviting Singapore-incorporated banks (Reporting