IFSCA signed a FinTech Co-operation Agreement with Monetary Authority of Singapore (MAS) to facilitate inter-regulatory collaboration and partnership in the area of FinTech. This will also deepen the financial ties and strengthen the FinTech ecosystem in both the nations. The signing of the agreement was witnessed by Mr. Lawrence Wong, Hon’ble Deputy Prime Minister and Minister for Finance of Singapore, and Deputy Chairman of MAS, Shri Kanubhai Desai, Hon’ble Minister of Finance and Energy, Government of Gujarat and Shri Injeti Srinivas, Chairman, IFSCA.
Shri Injeti Srinivas, Chairman, IFSCA also briefed Mr. Wong regarding the regulatory developments and initiatives undertaken by IFSCA in laying down a conducive policy architecture for business activities in GIFT-IFSC, India’s maiden International Financial Services Centre.
For further details, please refer IFSCA’s Press Release at - https://ifsca.gov.in/Viewer/PressReleases/345.