Slide 1

Global Symposium on

Innovative Financial Inclusion

Harnessing Innovation for Inclusive Finance

Creating an Enabling Regulatory Environment

for Innovation in Financial Services

Ms Jacqueline Loh

Deputy Managing Director

Monetary Authority of Singapore

Slide 2

Corporate Banking Insurance Financial Markets

Retail & Private Banking

Key Businesses

Public Sector Enablers

Key Technologies

IndividualsCorporates SMEsKey Beneficiaries

APIs Cyber Security

Authentication &

Biometrics

Cloud

ComputingLearning

Machines

Digital &

Mobile

Payments

Blockchains &

Distributed Ledgers

Big

Data

Advanced Sensors

Enabling Technologies

Identity & Authentication

Skills &

Research

Funding & Investment

Policy &

Regulation

Architecture for a Smart Financial Centre

Slide 3

“Regulatory Sandbox” provides an Enabling

Environment for FinTech Experiments

Relax specific regulatory requirements

Appropriate Regulatory Support Rendered to Sandbox Entities

Immovable tenets

Key Principles

Technologically innovative solution

Addresses a problem or brings benefits

Able to deploy on a broader scale

Clear test scenarios and outcomes

Clear boundary conditions

Addressed significant risks

Clear exit strategy

Slide 4

Thank You