The Monetary Authority of Singapore (MAS) announced it will relax some business restrictions on finance companies to help small- and medium-sized enterprises (SMEs) obtain financing. This comes a day after the central bank announced that it would take measures to strengthen the financing channels for next-generation Asian growth companies and drive innovation through technology infrastructure, to support the Committee on the Future Economy's recommendations. With the regulatory changes, SMEs will have more access to financing even if they are unable to offer collateral, and business customers will be able to contract more conveniently. In a statement, MAS said finance companies will be allowed to offer a greater amount of uncollateralised loans to businesses.