Under terms of the cooperation agreement, both parties will tap existing regulatory sandboxes in their respective jurisdictions to support the experimentation of technology innovations.
The Monetary Authority of Singapore and India’s International Financial Services Centres Authority (IFSCA) has signed a FinTech cooperation agreement to facilitate regulatory collaboration and partnership in FinTech.
IFSCA is headquartered at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat, India. The “city” is seen to be a newly-built business and IT hub.
