Singapore boosts fintech ties with Korea

Potential joint innovations are underway.

The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) today signed a cooperation agreement to foster greater cooperation in FinTech.

The signing took place at the sidelines of the FinTech Demo Day organised by the Korean FinTech Centre.

The agreement provides a framework for cooperation in FinTech between Singapore and South Korea.

Under the agreement, MAS and KFSC will explore potential joint innovation projects on technologies such as big data and mobile payments.

MAS and KFSC will also discuss issues of common interest, and share information on FinTech trends and how it may impact existing regulations.

Sopnendu Mohanty, Chief FinTech Officer, MAS, said “This agreement lays the groundwork for deeper FinTech collaboration between Singapore and South Korea. Singapore’s vibrant FinTech ecosystem, sound infrastructure, and growing talent pool make it a natural choice for Korean FinTech companies looking to expand their businesses to neighbouring markets.”

Hoon Choi, Director General of Banking and Insurance Bureau, KFSC, said “This agreement is an important step forward in enhancing the financial relationship between Korea and Singapore. Although Korea is a relative newcomer of FinTech, it is growing at a rapid pace based on its excellent IT and online financial infrastructure, under the Government’s FinTech policy. We hope that the agreement serves as a stepping stone for FinTech firms from both Korea and Singapore alike to expand their business globally.”

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia