MAS

Monetary Authority of Singapore

Asia
🏛️
Jurisdiction
Singapore
📋
Regulations
1
Open Banking frameworks
🌍
Region
Asia
🔗
Type
NCA
National Competent Authority

About MAS

The Monetary Authority of Singapore (MAS) is the primary financial regulatory authority in Singapore responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), MAS ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

Jurisdiction

Singapore
View Open Banking providers, banks, and TPPs in Singapore

Regulations Overseen

MAS is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in Asia:

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