Regulatory 'Sandbox Express' programme will be a key
driver.
In recent years, the Monetary Authority of Singapore (MAS),
Singapore's insurance regulator, has been a strong advocate of
technological innovation as a means by which to both grow and
transform its insurance sector. It was one of the first regional
regulators to establish a Fintech Regulatory Sandbox, aimed at
providing businesses with opportunities to market test new
technologies within a more flexible regulatory environment and it
has been extremely successful in attracting worldwide attention to
its fintech initiatives – a fact evidenced by the almost
40,000 people that participated in the recent 2018 Singapore
Fintech Festival.
