It will allow cross-border referrals between the countries' fintech companies.
The Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF) signed a fintech cooperation agreement which lays out a framework for referrals between the two.
According to a press release, the framework allows both regulators to refer fintech companies to their counterparts and outlines the support given to the companies to better understand the regulatory regime in each jurisdiction.
The framework also sets out how MAS and KNF will explore joint innovation projects together and share information on emerging market trends and their impact on regulation.
KNF chairman Marek Chrzanowski said, “This agreement between KNF and MAS will create opportunities for FinTech businesses from Poland and Singapore to expand their activities into Polish and Singaporean markets."
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