It’s purpose? Innovative hiring: The benefits of recruiting from outside your sector. VIEWS. Whether you currently have operations in Singapore and are looking to hire from the tech talent pool or if you need help with setting up a team without establishing a physical entity, we’re here to help you. Together, the Centres will identify and develop in-depth insights into critical trends in technology affecting central banking; develop public goods in the technology space to improve the functioning of the global financial system; and serve as a focal point for a network of central bank experts on innovation. The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator. Lin Duan.
Innovative Hub is an e-commerce enabler in both B2B and B2C sectors. Article views. Focus is placed on implementing legal frameworks and standards for digital trade, cybersecurity, data management and more. How did it position itself as a leading global innovation ecosystem? It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. This post was written by: Kelvin Tay, Business Development Manager, Overcoming the oil and gas workforce hurdle in Africa, The secret to employee happiness in renewable energy, 5 key soft skills to thrive in an age of technology and digitalisation, How firms can navigate regulation when it comes to fracking recruitment. It also cannot be more than 6 months old upon the EntrePass application date. The second project is to create a digital platform connecting regulators and supervisors with digital and technology solution providers. Read this article to learn more the driving forces behind its success. The launch of the Innovation Hub Centre in Singapore is an important milestone for both the BIS and Singapore. The Hub Centre in Singapore will initially focus on two projects. Trusted digital identities for individuals and corporates is a foundational public good that supports the development of inclusive digital financial services including payments as well as other transactions in the broader digital economy. This is the BIS's first expansion of its global footprint in 17 years. ", Mr Agustín Carstens, General Manager of the BIS, said: "The BIS, together with its partners, is taking a leading role in coordinating central banks' innovation efforts. They allow the applicant to remain in Singapore between one to two years. We deliver innovative applications to companies specialising in eCommerce platforms for them to go beyond traditional business practices. Cited as one of the most open economies in the world, Singapore has also, second easiest economy to conduct business, in, according to a 2017 World Bank report. DAX is home to ‘HotSpot,’ the first pre … The BIS offers a wide range of financial services to central banks and other official monetary authorities. Read this article to get detailed insight into how it works. . Singapore is a magnet for visionaries and businesses looking for an innovation hub. We deliver innovative applications to companies specialising in eCommerce platforms for them to go beyond traditional business practices. The BIS facilitates dialogue, collaboration and information-sharing among central banks and other authorities that are responsible for promoting financial stability.