MAS and Dubai authority sign fintech accord

Singapore

THE Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed an agreement that paves the way for each party to refer fintech companies to the other, as well as facilitate the sharing of information on innovation in the financial sector.

They have also agreed to work on joint projects on the application of key technologies; these include digital and mobile payments, blockchain and distributed ledgers, big data and Application Programming Interfaces (APIs).