You can see the rules and regulations in other jurisdictions.
In Singapore, some fintech products and services are relatively new, such as solutions built with blockchain, those that claim to have AI or deep learning elements, as well as alternative authentication methods (replacing hardware security tokens). The regulatory repercussions vary based on the scope of the product/service in question, and the method through which it is offered to the market. For instance, if it is for use by established banking institutions where the latter still deals directly with their customers, certain MAS directives must be followed - e.g. ensuring that the provider abides by Guidelines on Outsourcing.1
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