Singapore: MAS coaxes competing banks to collaborate on fintech

MAS chief Ravi Menon
Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), speaks at the Singapore Fintech Conference in Singapore, on Wednesday, Nov. 16, 2016. Photographer: Ore Huiying/Bloomberg

Banks in Singapore that are used to competing against one another are finding ways to collaborate in the fintech space — under the encouragement of the Monetary Authority of Singapore.

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