Question

IFSCA has partnered with _______ to pursue Cross-border FinTech Innovations.

Q: Answer-IFSCA has partnered with _______ to pursue Cross-border FinTech Innovations.

The Monetary Authority of Singapore MAS and the International Financial Services Centres Authority IFSCA signed a FinTech Co-operation Agreement CA to facilitate regulatory collaboration and partnership in FinTech.The CA will promote the following Regulatory Sandbox Collaboration MAS and IFSCA will leverage existing regulatory sandboxes in their respective jurisdictions to support experimentation of technology innovations. This includes referral of companies to each others regulatory sandboxes and enable innovative cross-border experiments in both jurisdictions. Sharing of Information MAS and IFSCA will share non-supervisory related information and developments on innovation in financial products and services, facilitate discussions on emerging FinTech issues and participate in joint innovation projects.