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MAS, Korean regulator in fintech agreement

image009The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) have signed an agreement to foster more cooperation in the fintech space. The two entities will explore potential joint innovation projects on technologies such as big data and mobile payments. They will also discuss issues of common interest, and share information on fintech trends and how it may impact existing regulations. The partnership follows on from MAS’s recent partnership with the Swiss Financial Market Supervisory Authority to foster more fintech co-operation. MAS is also working with five polytechnics in Singapore to get students take up fintech jobs of the future.

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