fofsummit2019

Singapore and Brunei Darussalam enhance cooperation in financial innovation

The Autoriti Monetari Brunei Darussalam and the Monetary Authority of Singapore today signed a FinTech Cooperation Agreement to foster innovation in financial services between Brunei Darussalam and Singapore.

The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between both countries. It will also establish a framework for both authorities to provide support for FinTech companies to better understand the regulatory regime and opportunities in each jurisdiction.

Beyond the FinTech CA, AMBD and MAS will also work together to enhance the retail payment ecosystem between Brunei Darussalam and Singapore. Both authorities will be guided by a cooperation framework that will provide mutual benefits to businesses and consumers in the two countries.

The signing took place during the State Visit of the President of the Republic of Singapore, Mdm Halimah Yacob, to Brunei Darussalam, and was witnessed by both President Halimah and His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam.

Signing on behalf of AMBD was Managing Director Yang Mulia Yusof bin Hj Abd Rahman of AMBD, while MAS was represented by Deputy Managing Director Jacqueline Loh.

Re-disseminated by The Asian Banker

Diary of Activities
Thailand Innovation Study Tour 2019
28 - 29 May 2019 | Thailand
The Future of Finance Summit, 2019
29 - 31 May 2019 | Thailand
Digital Finance Leadership Programme 2019
29 July - 02 August 2019 | United Kingdom