MNB signs agreement with monetary authority of Singapore

MNB

Photo by Adriana Iacob/Shutterstock.com

The National Bank of Hungary (MNB) yesterday said had it signed a cooperation agreement with the Monetary Authority of Singapore (MAS), Singaporeʼs central bank, to strengthen cooperation in FinTech innovation between the countries, according to an announcement on the website of the central bank. 

The agreement lays out a framework for FinTech collaboration between both countries and establishes a referral mechanism to help FinTech companies access each otherʼs markets.

MNB and MAS also committed to exchange views on FinTech trends in emerging markets as well as on regulatory issues on financial services innovation. The agreement was signed at the World FinTech Festival in Budapest, held in partnership with the Singapore FinTech Festival 2020.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.