Singapore and Cambodia in FinTech innovation partnership
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a memorandum of understanding (MOU) to strengthen cooperation in FinTech innovation between both countries.
Under the MOU, both countries will share information on emerging market trends and developments in FinTech, as well as regulatory issues pertaining to innovation in financial services. The two authorities will work together to conduct joint training sessions to share expertise to foster cross-border cooperation.
The signing of the MOU took place on the sidelines of the 5th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting.