Monetary Authority Of Singapore Launches FinTech Innovation Lab

Monetary Authority Of Singapore Launches FinTech Innovation Lab
24.08.2016 09:00 am

Monetary Authority Of Singapore Launches FinTech Innovation Lab

FinTech StartUps , IT Innovations

The Monetary Authority of Singapore (MAS) today announced the opening of its FinTech Innovation Lab. The purpose-built facility, known as Looking Glass @ MAS1, is located within the MAS Building.

2   Looking Glass @ MAS will serve the following purposes:

  • allow MAS to experiment FinTech solutions with financial institutions, start-ups, and technology vendors;
  • facilitate consultations for start-ups by industry experts on areas of interest such as legal, regulation, and business-related matters; and
  • provide a venue for relevant training sessions and networking activities for the FinTech community.

3   Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “MAS has been encouraging financial institutions to anchor their innovation labs in Singapore. Today, we are pleased to open our own FinTech Innovation Lab, underscoring MAS’ commitment to promoting a culture of innovation in the financial sector. Looking Glass @ MAS will serve as a platform for the FinTech community to connect, collaborate, and co-create with one another.”

1 The name “Looking Glass” was inspired by the 1871 classic “Through the Looking Glass and What Alice Found in There” by Lewis Caroll. It represents a glimpse into a different world where innovation is pervasive, and a warm place for its residents to pursue their passion, protected from the old way of doing things.

Related News

Venture Summit Virtual Connect | Global - Where Innovation Meets Capital

Meet, interact and network online with more than 1,300 VCs, Corporate VCs, angel investors, industry execs and founders of venture backed, emerging and early stage companies at... Read more »

Elevator Lab: fourth round with new set-up

Today marks the start of the fourth round of the Fintech Partnership Program Elevator Lab, which was established by Raiffeisen Bank International (RBI... Read more »

PayNearby collaborates with IndusInd Bank for contactless payments at 2 lakh+ Kirana stores

In its bid to simplify ordering, payments and delivery of essentials during the lockdown, PayNearby, India’s fastest growing hyperlocal FinTech startup has now expanded its... Read more »

30 top VCs launch the "VC Hours" initiative to help UK startups cope during the Covid-19 crisis

Breega and Connect Ventures, two founder-friendly VCs specialised in funding early-stage tech startups, have joined forces with 28 other UK-based VCs to provide free and... Read more »

PayNearby launches JobsNearby to address the issue of migrants’ job losses

PayNearby, India’s largest hyperlocal fintech startup network has launched JobsNearby, an assisted job registry that will help migrant workers who have been affected by the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel