The Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF) have inked an agreement to facilitate fintech growth in the two markets.

The agreement will allow the two watchdogs to refer fintech firms to their counterparts and offer support to help the firms understand local regulatory regime.

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The two regulators will also explore joint innovation projects, exchange information on emerging market trends as well as their impact on regulation.

MAS deputy managing director Jacqueline Loh said: “We are delighted to work with KNF on this fintech partnership. This agreement signifies MAS and KNF’s commitment to accelerate the growth of fintech in our respective regions, through collaboration and exchanges between both ecosystems.”

KNF chairman Marek Chrzanowski added: “This agreement between KNF and MAS will create opportunities for fintech businesses from Poland and Singapore to expand their activities into Polish and Singaporean markets.”

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