Cambodia and Singapore Strengthen Cooperation in FinTech Innovation

industryspread

The Industry Spread is a news and information site built for the global trading industry. The site provides industry news focusing on technology, global regulation, company news and the latest people moves .

MAS Speech Regulatory Framework

Cambodia and Singapore Strengthen Cooperation in FinTech Innovation

April 8, 2019

MASChiang Rai, Thailand, 4 April 2019… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech innovation between both countries.

Under the MOU, both countries will share information on emerging market trends and developments in FinTech, as well as regulatory issues pertaining to innovation in financial services. The two authorities will work together to conduct joint training sessions to share expertise to foster cross-border cooperation.

Cambodia and Singapore strengthen cooperation in FinTech Innovation

H.E. Neav Chanthana, Deputy Governor, NBC, said, “The NBC and MAS have reached a new step of financial cooperation in the area of financial innovation through this MOU. This will also allow us to share experiences and information related to FinTech to better manage and reap the benefit from the new innovation in financial technology in order to enhance payment system and promote financial inclusion.”

Ms Jacqueline Loh, Deputy Managing Director
Ms Jacqueline Loh, Deputy Managing Director

Ms Jacqueline Loh, Deputy Managing Director, MAS, said, “This MOU builds upon the long-standing relationship between the NBC and MAS, as well as our common focus to harness FinTech to create new opportunities that will benefit both individuals and businesses. This collaboration also provides a framework for promoting financial innovation not only in our two countries, but also in the broader ASEAN region.”

The signing of the MOU took place on the sidelines of the 5th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting.

Login To MyTis Comment Or Register to MyTIS

Leave a Reply

avatar
  Subscribe  
Notify of

Newsletter

Register now to receive the latest news and information for global trading industry.

Latest Articles

DTCC

DTCC Appoints Alison Wolpert to Lead the Firm’s Global Government Relations Activities

New York/London/Hong Kong/Singapore/Sydney, December 10, 2019 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of …