Updates on Singapore's FinTech Regulatory Sandbox – 30 applications received, first graduation in August 2017
One applicant, which uses OCR technology and analytics to help customers manage their insurance policies digitally, graduated from the sandbox in August 2017.
Tie-ups to enable cross-border payments with India and China and PayNow to be extended to businesses around middle of 2018
The city has also committed to establishing a more
standardised legal and regulatory system.
MAS is looking to move away from manual processing
and duplication of data to a seamless flow of data from institutions to MAS’s
These include the launch of the regional centre for FS-ISAC
in Singapore and partnering with ABS to review Technology Risk Management
Guidelines and establish
guidelines for “red-teaming”.
“The intersection of Distributed Ledger
Technology (DLT) and other related technology areas such as quantum computing
and new methods of cryptography will help to bring about the next wave of
EXCLUSIVE – A collaborative approach to digital transformation across public sector administrations in Catalonia
The government administrations in Catalonia are AOC’s clients but at the same time, they are also AOC’s stakeholders and are represented in AOC’s executive committee.