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Singapore, France ink agreements to bolster fintech cooperation

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Singapore, France ink agreements to bolster fintech cooperation

The Monetary Authority of Singapore signed cooperation agreements with France's Autorité de Contrôle Prudentiel et de Résolution and the Autorité des Marchés Financiers to bolster cooperation between the countries in fintech.

The countries will share information about emerging fintech trends, potential joint innovation projects and regulatory issues pertaining to innovative financial services.

The agreement will also enable authorized fintech companies in both countries to facilitate their understanding of regulatory requirements in each jurisdiction, so as to foster trade and flows across the two markets.