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The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) has signed a Co-operation Agreement (CA) to strengthen cooperation in fintech innovation between Singapore and Hungary. The CA sets out a framework for fintech collaboration between both countries. It will put in place a referral mechanism to help fintech firms access each other’s markets. MAS and MNB have also committed to exchange views on emerging market trends and developments in fintech, as well as regulatory issues on financial services innovation. The CA will also facilitate joint innovation projects between MAS and MNB. Sopnendu Mohanty, Chief FinTech Officer, MAS said, ....
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