New industry sandbox established for financial institutions & fintech firms

New industry sandbox established for financial institutions & fintech firms
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SINGAPORE (Nov 16): A new industry financial technology (fintech) sandbox has been introduced as part of the Asean Financial Innovation Network (AFIN) to support financial services innovation and inclusion among financial institutions and fintech firms.   

It was jointly introduced at the sidelines of the 2017 Singapore FinTech Festival by International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and the Asean Bankers Association (ABA).

In a press release, the three entities highlight AFIN’s aim to support financial services innovation and inclusion in less developed markets within the Asean region, and to provide a platform for collaboration and innovation for financial institutions and fintech firms... (Click here to read the full story.)