Singapore and Britain launch FinTech Bridge

Singapore

SINGAPORE and Britain have established a FinTech Bridge, which aims to help financial technology (fintech) firms and investors from each country gain access to and expand in their counterpart market.

The Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) have also signed a Regulatory Cooperation Agreement which will allow regulators to put fintech firms in touch with their counterparts overseas. It charts out how the regulators will share and use information on financial services innovation in their individual markets.