Singapore regulator to stimulate fintech growth
Monday, 11 14 2016, Category: Technology, Country: Asia
The Singapore financial authority is looking to loosen its regulations for venture capital (VC) investors next year, in a bid to boost the country’s financial technology (fintech) industry, according to deputy Prime Minister Tharman Shanmugaratnam.
The Monetary Authority of Singapore (MAS), chaired by Tharman, is organizing a fintech festival to be held next week, featuring regulators, investors, and fintech companies from all over the world.
“MAS is looking to significantly simplify and shorten the authorization process for new VC managers,” Tharman said at the launch of Singapore’s pioneering fintech innovation space.
Source: Insurance Business