Latest Breaking News On - Monetary authority of singapore financial sector technology - Page 1 : comparemela.com

SINGAPORE, Nov. 4, 2022 /PRNewswire/ ThitsaWorks, in partnership with INFITX (previously ModusBox) and Visa, was awarded the Monetary Authority of Singapore's Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 29-June-2022. The FSTI POC grant supports the experimentation, development, and dissemination of nascent innovative technologies in the financial services sector. While many remittance options exist for overseas migrant workers in Singapore, options to reach rural areas where many workers' families live are complicated, expensive, and slow. Additionally, friends and family who only have accounts with MFIs and rural banks cannot receive direct payments. Together with Rapyd and Lucy, ThitsaWorks, INFITX, and Visa have introduced the Inclusive Cross-Border Remittances Project to make remittances for Singapore-to-Philippines corridor more affordable and efficient. The project aims to connect small financial institutions to real-time payment net

Steve haleyWarrend carewJohn januszczakDeepan dagurDebbie watkinsMarket developmentFinancial services providersMonetary authority of singapore financial sector technologyLucy holdings pteMelinda gates foundationInclusive financial technologyRockefeller foundationParty payment initiatorsMojaloop foundationMonetary authorityFinancial sector technology