Singapore unveils cross-border fintech push

Singapore plans to work with central banks in Hong Kong, Canada and Thailand on fintech

ravi-menon-mas3
Ravi Menon

Singapore has unveiled plans to develop a fintech hub, including through co-operation with central banks around the world.

Speaking at the Singapore fintech festival on November 14, Ravi Menon, managing director at the Monetary Authority of Singapore, announced several strategies to bolster Singapore’s status as “a smart financial centre”.

By the end of this week, Menon said the MAS will have signed 16 fintech co-operation agreements with governments and authorities around the world to

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ACI Worldwide powers 26 domestic and pan-regional real-time payments schemes across six continents, including 10 central infrastructures, providing solutions to central banks, participant banks, fintechs and other payment service providers

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