Singaporean officials and FinTech companies gathered with UK FinTech companies in Downing Street today to celebrate the launch of the UK’s first ever FinTech Bridge, which included the signing of a Regulatory Cooperation Agreement between the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS).

The agreement will enable the regulators to refer FinTech firms to their counterparts across the globe. It also sets out how the regulators plan to share and use information on financial services innovation in their respective markets.

Canada continues to be at the forefront of contactless payments, and has been driving the adoption of this technology since 2005 when it started issuing contactless cards to their customers and compatible terminals to merchants.

The march of mobile

 Synechron announced the acquisition of Hatstand, a global financial services consultancy and capital markets specialist. This acquisition further builds Synechron’s consulting capabilities for world-leading financial institutions in key areas such as cybersecurity, market data and risk and regulatory compliance.