(28 February 2018 – Singapore) The Monetary Authority of Singapore (MAS) and the government of India’s Maharashtra state have signed an MoU to “strengthen cooperation in promoting FinTech innovation in the two markets.”
The agreement calls on the two parties to share information on FinTech trends and discuss how to regulate the financial sector without stifling innovation, with both bodies also exploring “potential joint innovation projects on the application of key technologies,” including blockchain.
“Educational programmes on FinTech” will also be jointly crafted.
MAS has a similar agreement in place with the Hong Kong Monetary Authority to link Singaporean and Hong Kongese FinTech firms.