MAS Outlines Eligibility Criteria For Digital Bank License Application

MAS Outlines Eligibility Criteria For Digital Bank License Application

Monetary Authority of Singapore (MAS) Outlines Eligibility Criteria For Digital Bank License Application The Monetary Authority of Singapore (MAS) announced that the application for new digital bank licenses from non-bank players is now opened. The regulator is expected to award up to five digital bank licences by mid-2020 and the successful applicants are expected to…

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Intellectual Property Initiatives in Singapore

Intellectual Property Initiatives in Singapore

Intellectual Property Initiatives Launched in Singapore   Singapore Firms to Receive Support for Patents, Trademarks and Brands Singapore moves one step closer to becoming a trusted global intellectual property (IP) hub with the launch of new intellectual property initiatives. The Intellectual Property Office of Singapore (IPOS) announced a series of new initiatives to support the…

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Trusted Data Sharing Framework in Singapore

Trusted Data Sharing Framework in Singapore

Trusted Data Sharing Framework Announced in Singapore   New Guidelines for Trusted Data Sharing Among Businesses Singapore has announced the first comprehensive Trusted Data Sharing Framework to help facilitate data sharing between organisations. The framework was developed by the Infocomm Media Development Authority (IMDA) and the Personal Data Protection Commission (PDPC). It established a set…

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New Accreditation Programmes - Building Trust in Businesses

New Accreditation Programmes-Building Trust in Businesses

New Accreditation Programmes Will Help Boost Consumer Trust in Businesses How can a consumer trust a brand to deliver top-quality standard products? Most renowned brands put their products and services through rigorous tests and certification. Hence, accreditation helps both brands and consumers by ensuring that products and services in the market meet the required quality…

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Stricter NRIC Rules in Singapore Beginning 1 September 2019

Stricter NRIC Rules in Singapore Beginning 1 September 2019

Stricter National Registration Identity Card (NRIC) Rules in Singapore Beginning 1 September   It Will Soon Be Illegal to Collect NRIC Numbers Without Authorisation As of 1 September, stricter NRIC rules will be in place regarding collection and data disclosure. Companies need to comply or risk hefty penalties. Singapore’s Personal Data Protection Commission (PDPC) is…

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