Singapore setting fintech pace in Asia

Jun 6, 2016

The Lion City's regulator has set out proposals to allow firms to experiment with financial technology offerings in a relaxed environment. Hong Kong is seen as unlikely to follow suit.

The Monetary Authority of Singapore is consulting on proposals for what it calls a “regulatory sandbox”, which will allow firms to experiment with financial technology solutions in a relaxed regulatory environment, in what is seen as a smart move by market participants.

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