Singapore and Japan associations sign agreement to jointly develop fintech. On Monday, March 26, Singapore Fintech Association (SFA) and Japan Fintech Association (FAJ) announced in a joint press release that they have signed a Memorandum of Understanding (MOU) for fintech development.
The agreement will raise the profile of the Japanese fintech industry
The press release said about the deal:
This deal will raise the profile of the Japanese fintech industry and promote Singapore as a destination for Japanese businesses in wider Asia.
MOU was officially signed on 13 March at the Para 20/20 Asia conference and celebrated with “Friendship evening and Sake tasting” in Singapore.
Singapore and Japan associations aim to increase inter-institutional communication by jointly developing fintech
Chia Hock Lai, President of SFA, made the following statements regarding the new partnership:
This agreement, Both Singapore
FAJ Vice President Natalie Shiori Fleming expressed her feelings with these words:
This partnership marks the growth of synergy between our own markets through a deeper relationship with the Singapore fintech community
Singapore Monetary Union (MAS) is the heart of innovation
In the press release, the Financial Services Agency (FSA) in Japan due to its regulatory growth strategy that promotes cooperation between banks and non-bank fintech companies
Also, at the Para 20/20 Asia conference, the Central Bank of Singapore spoke about its commitment to use Blockchain technologies for international payments.