The Monetary Authority of Singapore (MAS) and Hungry’s Magyar Nemzeti Bank (MNB) have signed a co-operation agreement (CA) to strengthen ties in FinTech innovation between both countries.

The agreement sets out a framework for FinTech collaboration between both countries and will help FinTech firms access markets from Singapore and Hungary.

Both 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.

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