The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have signed an agreement to bolster fintech ties between the two jurisdictions.

Under the agreement, the two regulators will support fintech firms in each other’s markets in gaining better insight on their regulatory regime.

The agreement will also enable the watchdogs to explore joint innovation projects as well as exchange information on emerging market trends.

Commenting on the alliance, MAS chief fintech officer Sopnendu Mohanty said: “The agreement with Bank of Lithuania helps companies in both countries tap on each other’s resources to expand into new markets.”

Bank of Lithuania member of the board Marius Jurgilas added: “The agreement with MAS will strengthen the ties between Lithuania and Singapore in the field of FinTech, supporting the growth of Lithuanian and Singaporean FinTech companies.”

MAS has inked fintech agreements with several other regulators in the recent times, the most recent being the one signed with the Central Bank of Egypt.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.