You can see the rules and regulations in other jurisdictions.
Some fintech products and services that are relatively new in Singapore include various products built in reliance on blockchain, products that purport to have deep or self-learning or AI aspects, and alternative authentication methods (replacing hardware security tokens). The regulatory and legal issues that they raise are dependent on the precise scope of the product or service being offered as well as the method through which the product is made available to the market. As an example, some products are developed for provision to 'traditional' financial institutions, where that financial institution maintains the client relationship. With this model, different MAS requirements may be relevant; for example, the fintech company may wish to engage the financial institution on the basis that its solution is compliant with the Guidelines on Outsourcing.1
Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities
You can launch your platform by paying $5000 initially and the rest after 6 months if your business grows