Singapore MAS, Danish FSA sign fintech cooperation deal

THE Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) signed a financial technology cooperation agreement which aims to help fintech companies in Singapore and Denmark to expand into each other's markets.

The agreement - which was signed at the sidelines of the Money 20/20 Europe conference in Copenhagen on Wednesday - will enable both regulators to refer fintech companies to their counterparts.

MAS and the Danish FSA have also committed to exploring joint innovation projects together, and to share information on emerging market trends and their impact on regulation.