News Asia14 Nov 2017

Singapore:MAS to speed up sandbox assessment for FinTech firms

14 Nov 2017

The Monetary Authority of Singapore (MAS) will expedite its sandbox application assessment so that FinTech firms can test and launch their innovative solutions faster. MAS will also further loosen the regulatory boundaries for sandbox cases where the risks do not outweigh the potential benefits of the solution to consumers, said Mr Ong Ye Kung, Minister for Education (Higher Education and Skills) and Second Minister for Defence, at the welcome dinner last year for the 2017 Singapore FinTech Festival.

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