The Monetary Authority of Singapore (MAS) has signed co-operative agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to help all parties collaborate with each other over financial technology.

The agreement contains rules under which the ACPR, the AMF and the MAS will share information about emerging fintech trends, potential joint innovation projects and regulatory issues pertaining to innovative financial services. It will also allow authorised fintech companies in Singapore and France to improve their understanding of regulatory requirements in each jurisdiction and this will hopefully lead to trades and flows between the two markets.

Regulators from both countries view the agreements collectively as a 'fintech bridge' between them and an important step for innovative business people who want to develop their activities internationally.