MAS, Deloitte, and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide Fintech Research Platform to help investors and financial institutions connect with fintech start-ups that they can partner with or invest in. The digital Fintech Research Platform is designed to help provide a comprehensive view of fintech companies, including their attributes on business models, use cases, funding, and technology stack. The platform is intended to enhance investor confidence in fintech companies through transparency of aggregated third-party and self-reported data and to accelerate decision-making by allowing users to compare fintech companies on one platform and prioritize the fintech firms that they can potentially work with based on parameters that matter most to the users.
Deloitte’s internal analysis discovered that investors and financial institutions currently do not have access to reliable and up-to-date company information of fintech start-ups and have to rely on informal networks to source investment opportunities. This limits their view of all the companies in which they might deploy capital. MAS, Deloitte, and S&P Global Market Intelligence will continue to explore opportunities to develop the platform further.
Keywords: Asia Pacific, Singapore, Banking, Securities, Fintech, Fintech Research Platform, Deloitte, S&P Global Market Intelligence, MAS
Previous ArticleMAS and CSA Sign Agreement to Strengthen Collaboration in Fintech
EU published Directive 2021/338, which amends the Markets in Financial Instruments Directive (MiFID) II and the Capital Requirements Directives (CRD 4 and 5) to facilitate recovery from the COVID-19 crisis.
The Standing Committee of the European Free Trade Association (EFTA) recommended that a systemic risk buffer level of 4.5% for domestic exposures can be considered appropriate for addressing the identified systemic risks to the stability of the financial system in Norway.
In a recent statement, PRA clarified its approach to the application of certain EU regulatory technical standards and EBA guidelines on standardized and internal ratings-based approaches to credit risk, following the end of the Brexit transition.
In a recently published letter addressed to the G20 finance ministers and central bank governors, the FSB Chair Randal K. Quarles has set out the key FSB priorities for 2021.
EU published, in the Official Journal of the European Union, a corrigendum to the revised Capital Requirements Regulation (CRR2 or Regulation 2019/876).
ESAs published a joint supervisory statement on the effective and consistent application and on national supervision of the regulation on sustainability-related disclosures in the financial services sector (SFDR).
EC published a public consultation on the review of crisis management and deposit insurance frameworks in EU.
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.
BoE issued a letter to the CEOs of eight major UK banks that are in scope of the first Resolvability Assessment Framework (RAF) reporting and disclosure cycle.