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MAS encourages digital client onboarding

The Monetary Authority of Singapore (MAS) is “encouraging” financial institutions (FIs) including private banks in Singapore to use technology in order to make client onboarding more efficient. The Singaporean watchdog has authorised banks to use MyInfo, a government-verified digital service that authorises service providers to access personal client data launched in 2016, for customer identification and verification purposes. MAS said…

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