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Monetary Authority of Singapore to launch new FinTech & Innovation Group

( July 27, 2015, 09:54 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore is set to launch on Aug. 1 a new FinTech & Innovation Group, or FTIG, which would be responsible for regulatory policies and the development strategies to facilitate the use of technology and innovation in the financial sector. FTIG will include offices dedicated to payment and financial services technology solutions; technology-enabled infrastructure for the financial sector in areas such as cloud computing, big data, and distributed ledgers; and technology innovation for the financial industry.The regulator's full statement follows:...

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