MAS will commit an additional S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support financial institutions in building capabilities in #Quantum and #ArtificialIntelligence (AI) technologies, as well as enable the advancement of quantum and AI related innovation and adoption in financial services. More here: https://lnkd.in/gUqWKz93
Monetary Authority of Singapore (MAS)
Banking
The Monetary Authority of Singapore is the central bank of Singapore.
About us
MAS is at the forefront of Singapore’s rapidly growing financial industry, creating new policies and initiatives that address the ever-changing landscape. Work at MAS promises not only challenges worthy of your intellectual abilities, but also the personal satisfaction that comes from building one of Asia’s premier financial hubs. We invite you to take up the challenge and make a difference to Singapore’s economic and financial development! At MAS, we place a great emphasis on developing a vibrant and conducive work environment that motivates each and every employee to make a meaningful contribution to the organisation. Our people recognize the importance of upholding our values to achieve more together. We believe that it is essential that our people enjoy working here with one another. MAS' Functions - To act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government - To conduct integrated supervision of financial services and financial stability surveillance - To manage the official foreign reserves of Singapore - To develop Singapore as an international financial centre
- Website
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http://www.mas.gov.sg
External link for Monetary Authority of Singapore (MAS)
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Singapore
- Type
- Government Agency
Locations
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Primary
10 Shenton Way MAS Building
Singapore, 079117, SG
Employees at Monetary Authority of Singapore (MAS)
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Gregor Hohpe
Strategist, engineer, author, speaker. Likes cloud and distributed systems. Former Singapore Smart Nation Fellow
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David Craig
Co-Chair TNFD, founder and former CEO Refinitiv. Financial industry advisor and board member, technology, data and sustainable finance. Private…
Updates
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MAS released our FY2023/2024 Annual Report today. At the media conference, MAS Managing Director Mr Chia Der Jiun spoke on key areas across central banking, developmental and regulatory. In particular, he spoke on the strong growth in the asset management, wealth management, insurance and banking sectors. He also announced that MAS will be providing up to S$100 million in funding support for financial institutions to anchor AI and Quantum projects and capabilities in Singapore. Read more here: https://lnkd.in/gDSmRjXs #MASNews #MASAnnualReport2024
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MAS has released the Singapore Asset Management Survey Report 2023. Singapore’s AUM rebounded in 2023 by 10% to reach S$5.4 trillion, faster than the AUM growth in Asia which trended up by 8%. Singapore continues to be the gateway to access global investment opportunities. 77% of Singapore’s AUM was sourced from outside Singapore and 89% was invested outside the country. Singapore also extended another year of net inflows, albeit lower compared to 2021 and 2022. PE/VC extended its growth again at 12% and hedge fund posted a 5% increase. The number of fund management companies reached 1,250. Read the report here: https://lnkd.in/g2WVJ8YP
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Exciting news from the Singapore FinTech Festival (SFF) 2024! The Global FinTech Hackcelerator is back, offering innovators a chance to transform the financial landscape. This year, we're focusing on solutions that improve financial health. Up to 20 finalists will be shortlisted and paired with Corporate Champions to pitch their solutions at the SFF Demo Day on 6 November. Submit your proposals here: https://lnkd.in/gRmzCqNm Don't miss this opportunity to be part of the future of FinTech! #SFF2024 #FinTech
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MAS is integrating climate risks and opportunities into our investment framework. 📈 We’re finalising our third climate scenario analysis, developing an active management roadmap for our equities portfolios, and have refined our bespoke climate equities index methodology. Learn more about our green initiatives in our full report: https://lnkd.in/ghduD-67 #SustainableFinance #MASInsights
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MAS and Singapore FinTech Association (SFA) have announced the global call for nominations for the 2024 Singapore FinTech Festival FinTech (SFF) Excellence Awards! In its ninth year, the Awards, supported by PwC Singapore, seeks to recognise innovative FinTech solutions by corporates and individuals who are leaders in spearheading the use of new technologies to transform industry practices and the delivery of financial services, create new growth opportunities, and promote financial inclusion. Deadline for submission is 8 August 2024. Submit your entries now 🔗: https://lnkd.in/gr6gt8HU #SFF2024 #FinTechAwards #SingaporeFinTech
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MAS is fostering a vibrant and sustainable finance ecosystem. 🌱 We’ve published the Singapore-Asia Taxonomy, launched the Transition Credits Coalition, the Sustainable Finance Jobs Transformation Map, and more. Learn more about our green initiatives in our full report: https://lnkd.in/ghduD-67 #SustainableFinance #MASInsights
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MAS is working with financial institutions to strengthen the sector’s climate resilience. 🌍 We have proposed guidelines for banks, insurers, and asset managers on transition planning. We’re also conducting climate scenario analyses and implementing ISSB-aligned climate-related disclosures for listed issuers. Learn more in our Sustainability Report: https://lnkd.in/ghduD-67 #SustainableFinance #MASInsights
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MAS and The Association of Banks in Singapore today announced that major retail banks in Singapore will progressively phase out the use of One-Time Passwords (OTPs) for bank account login by customers who are digital token users within the next three months. This will better protect them against phishing. More: https://lnkd.in/gZnAvwnU
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Experience the highlights from our SAF Day event that happened at MAS! Hear inspiring stories from MAS representatives and NSmen as they reflect on their contributions and the importance of this day. Enjoy moments of appreciation, coffee, and camaraderie. Watch the full video to see how we celebrated and leave your own appreciation messages for our NSmen and MAS officers. #SAFDay2024 #MAS