Monetary Authority of Singapore - News, Articles & Research

Company announcement/startups

Tenity signs cross-border fintech pact with Singapore's GFTN

Tenity, a global fintech innovation ecosystem and early-stage investor, and GFTN (Global Finance and Technology Network) have signed a Memorandum of Understanding (MoU) to explore strategic collaboration across digital innovation, talent development, and international scaling in financial technology.

10 April 2025

Company announcement/payments

National Vank of Cambodia joins Asean initiative for interconnected payments

The National Bank of Cambodia (NBC), the central bank of Cambodia, has officially joined the Regional Payment Connectivity (RPC) initiative, further strengthening regional financial integration in Southeast Asia.

09 April 2025

News/security

DBS Bank and Bank of China customer records compromised in ransomware attack

The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers.

09 April 2025

News/security

Singapore authorities warn of rise in deepfake corporate video calls

Singapore authorities are warning businesses of a rise in scam video calls which use deepfake AI to impersonate business bosses with the aim of duping employees into transferring funds to criminal accounts.

13 March 2025

News/security

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

20 February 2025

Company announcement/payments

Singapore to consolidate payment schemes under a new entity

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth.

12 February 2025

Company announcement/regulation

Reap gets in-principle approval for major payment institution license in Singapore

Reap, a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore.

10 January 2025

News/payments

Singapore extends deadline for phase out of corporate paper cheques

The Monetary Authority of Singapore has pushed back the deadline for abolition of corporate cheque payments by a year to give businesses more time to familirise themselved with incoming and existing e-payment options.

05 December 2024

Company announcement/regulation

MAS fines JPMorgan $2.4 million over midconduct of relationship managers

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs).

02 December 2024

Company announcement/cloud

Apac regulators conduct cloud crisis management exercise

Asia Pacific financial regulators and global cloud service providers (CSPs) in the Financial Sector Cloud Resilience Forum.

18 November 2024

News/security

Banque de France and Monetary Authority of Singapore complete post-quantum cryptography trial

The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.

05 November 2024

News/crypto

SBI and MAS bid to drive commercial applications of tokenised securities

Japanese financial conglomerate SBI is building a commercial framework for cross-border distribution of tokenised securities with pilots in fixed income and asset and weath management.

04 November 2024