Hungary, Singapore strengthen FinTech cooperation
The National Bank of Hungary (NBH) on Wednesday signed a cooperation agreement with the Monetary Authority of Singapore (MAS) to strengthen cooperation in FinTech innovation between their countries.
The agreement lays out a framework for FinTech collaboration between both countries and establishes a referral mechanism to help FinTech companies access each other’s markets. The NBH and MAS also committed to exchange views on FinTech trends in emerging markets as well as on regulatory issues on financial services innovation.
The agreement was signed at the World FinTech Festival in Budapest, held in partnership with the Singapore FinTech Festival 2020.