The Monetary Authority of Singapore (MAS) and Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, OJK) have renewed their collaboration through a new memorandum of understanding (MoU) aimed at advancing FinTech and digital financial asset development across ASEAN.
Building on their initial 2018 agreement, the updated MoU strengthens the framework for financial innovation between the two regulators.
Under the renewed partnership, MAS and OJK will exchange knowledge and best practices, support promising FinTech firms’ access to regulatory sandboxes in both countries, and enhance cooperation across key financial sectors. The agreement also aims to improve cross-border information sharing on FinTech activities within regulatory limits.
OJK Chief Executive Hasan Fawzi highlighted that the MoU emphasizes cross-border digital finance, focusing on regulatory alignment and market integrity.
Signed during a bilateral meeting on 10 November, the agreement reaffirms both nations’ commitment to driving innovation in ASEAN’s digital economy.
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