Singapore
Banking in Singapore on SBT.
SBT supports Singapore’s Payment Services Act and digital payment token licensing requirements with built-in MAS compliance tooling.
Regulatory framework
Monetary Authority of Singapore (MAS)
Singapore’s financial regulatory framework is overseen by the Monetary Authority of Singapore (MAS). The Payment Services Act (PSA) provides the licensing framework for digital payment token services, covering both major and standard payment institution licenses.
- Payment institution licensing under the Payment Services Act (PSA)
- Digital payment token (DPT) service provider requirements
- AML/CFT compliance aligned with MAS Notice PSN02 and FATF standards
- Technology risk management per MAS TRM Guidelines
- Business continuity management requirements
- Customer due diligence and ongoing monitoring
- Suspicious transaction reporting to STRO (Suspicious Transaction Reporting Office)
SBT compliance coverage
How SBT addresses these requirements.
- KYB and KYC orchestration configured for MAS requirements and PSA licensing
- Transaction monitoring with AML/CFT systems aligned to MAS Notice PSN02
- Digital payment token service workflows with segregation controls
- Technology risk management controls per MAS TRM Guidelines
- Suspicious transaction reporting workflows for STRO submissions
- Audit trails and evidence preservation for MAS examination
- Multi-currency payment orchestration supporting SGD and digital payment tokens
Deployment readiness
Architecture-ready.
SBT’s architecture supports Singapore banking operations under the MAS framework. Compliance controls are configurable for PSA licensing requirements. Deployment timeline is scoped per engagement based on specific license type.
Last reviewed: March 2026
Ready to deploy in Singapore?
A conversation with our team will clarify how SBT fits your regulatory requirements in Singapore.