Singapore: MAS to Host $1.25 Million COVID-19 and Green Finance Challenge

The Monetary Authority of Singapore has launched a $1.75 million global fintech challenge in search of solutions that can help financial institutions grapple with the existential threats posed by COVID-19 and climate change.

The Singapore central bank says the aim of the challenge is to help financial institutions adapt effectively to the new operating environment precipitated by the COVID-19 pandemic as well as apply fintech capabilities to spur the development of green finance in Asia and globally.

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