Singaporean, South Korean Regulators Enter into Fintech Agreement

[kreslik.news]

Regulators in South Korea and Singapore announced today that they have agreed to foster a positive environment for financial technology companies between the two countries. According to a statement released by South Korea’s Financial Services Commission (FSC), the agreement between itself and the Monetary Authority of Singapore (MAS) was reached last week.

The agreement will allow fintech companies from South Korea to penetrate Singapore’s market. This will be achieved by the MAS providing guidance and support on the accreditation and regulatory matters to the companies. In turn, the FSC will also provide support for Singapore fintech companies looking ... (read more)