The Monetary Authority of Singapore and the Danish Financial Supervisory Authority have signed a fintech cooperation agreement which aims to help fintech companies in Singapore and Denmark to expand into each other's markets, according to a press release.

Representatives from both parties signed the agreement this past week at the the Money 20/20 Europe conference in Copenhagen. 

The agreement will enable both regulators to refer fintech companies to their counterparts. Both parties have also committed to exploring joint innovation projects together and to share information on emerging market trends and their impact on regulation.