The MAS has signed a number of fintech agreements in the last year and has shown its commitment to increasing its involvement in the financial technology sector globally.

The Monetary Authority of Singapore and the Danish Financial Supervisory Authority have signed a fintech cooperation agreement. The MAS has signed several agreements with institutions around the world in the past few months to increase its involvement in the financial technology sector.

The agreement will aim to help fintech companies in Singapore and Denmark to expand into each other’s markets, the Singapore regulator said a statement.

It will see MAS and the Danish FSA collaborate on joint innovation projects. Both will also share information on emerging market trends and their impact on regulation.

“Singapore and Denmark are important gateways to their surrounding regions,” said Sopnendu Mohanty, chief fintech officer at MAS. “This cooperation agreement signifies the commitment of MAS and Danish FSA to promoting innovation in financial services and growing the fintech landscape. We look forward to closer interactions between our respective fintech ecosystems and more opportunities for our businesses to grow, expand and serve customers in each other’s markets.”

This publication reported earlier this month that MAS signed a memorandum of understanding with the Association of Supervisors of Banks of the Americas (ASBA) to bolster financial technologies.