The strategic partnership aims to further cement the collaboration between MAS and Mastercard in bilateral information sharing of cyber threat intelligence.
The Monetary Authority of Singapore (MAS) and Mastercard, signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.
Dhwanit Shah, Senior Vice President of Digital Solutions at MSys Technologies, said, “Our partnership with Boomi serves as a strategic catalyst for IT transformation. It enables seamless integration of applications and services, accelerating our modernisation journey and unlocking the power of data. These deep customer and market insights will empower businesses to be agile and responsive, capitalising on market trends and creating new revenue streams. By streamlining processes and achieving up to a 30% reduction in time to market, we will solidify this partnership as a key driver of unparalleled success for our clients.”
Mr Ari Sarker, President, Asia Pacific, Mastercard, said, “Amid escalating cyber threats in today’s connected economy, the need for cyber security has never been more acute. It’s not about securing a device or a network anymore; it’s about securing the entire ecosystem, for today and tomorrow. This collaboration is a significant step in that direction, and we are delighted to be the chosen partner for MAS. Synergising our resources and expertise, we will advance on our joint commitment towards securing the financial ecosystem and enhancing cyber resilience in Singapore and beyond.”
The strategic partnership aims to further cement the collaboration between MAS and Mastercard in bilateral information sharing of cyber threat intelligence.
