MAS Inks Co-Operation Agreement With Think Tank From China
The Monetary Authority of Singapore and the Asia-Pacific Future Financial Research Institute signed an agreement to promote fintech innovation.
To promote academic exchanges, information sharing, and research co-operation between Singapore and China, Monetary Authority of Singapore (MAS) has signed a fintech co-operation agreement with Asia-Pacific Future Financial Research Institute (AFF) during a fintech roundtable organized by both parties.
«This agreement is another step towards closer collaboration between the FinTech ecosystems of Singapore and China to benefit consumers and businesses. We look forward to greater knowledge exchange and deeper financial collaboration with the FinTech community in China to nurture a more vibrant global FinTech ecosystem in both countries,» said Sopnendu Mohanty, Chief FinTech Officer of MAS in a media statement.
Leverage On Fintech
Under the Agreement, both parties also committed to facilitating greater co-operation among financial institutions in Singapore and China to leverage on FinTech to benefit their consumers.
«The FinTech era requires more international communication and cooperation. Regulators from different jurisdictions need to promote innovation in financial services to enhance financial inclusion globally. We would like to make joint efforts to construct a better financial eco-environment and promote responsible innovations,» said Du Yan, Executive President of AFF.
