SINGAPORE (Sept 13): The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) on Thursday signed an arrangement to foster greater cooperation in fintech.

The arrangement supports both authorities’ efforts to facilitate fintech development and innovation in their respective markets. This arrangement is the CFTC’s second fintech cooperation arrangement with a non-US authority and its first with an authority in Asia.

The Cooperation Arrangement on Financial Technology Innovation (fintech arrangement) focuses on information sharing on fintech market trends and developments. This includes sharing insights derived from each authority’s relevant fintech sandbox, proofs of concept, and innovation competitions.

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