SINGAPORE (Aug 24): Monetary Authority of Singapore (MAS) on Wednesday announced the opening of its financial technology (fintech) innovation lab known as Looking Glass @ MAS, a purpose-built facility located within the MAS building.

Through Looking Glass @ MAS, the central bank and financial regulatory authority intends to experiment in fintech solutions with financial institutions, start-ups and technology vendors, as well as facilitate consultations for start-ups by industry experts on areas of interest such as legal, regulation, and business-related matters.

MAS says it also hopes the facility will serve as a venue for training sessions and networking activities for the fintech community.

“MAS has been encouraging financial institutions to anchor their innovation labs in Singapore,” says MAS’s chief fintech officer, Sopnendu Mohanty.

“Looking Glass @ MAS will serve as a platform for the fintech community to connect, collaborate, and co-create with one another.”