MAS' Role in a Smart Financial Centre

Financial Technology & Innovation Group

In August 2015, MAS formed a Financial Technology & Innovation Group (FTIG) within MAS to drive the Smart Financial Centre initiatives. Led by Chief FinTech Officer, Sopnendu Mohanty, the three offices under FTIG are responsible for formulating regulatory policies and developing strategies to facilitate the use of technology and innovation to better manage risks, enhance efficiency, and strengthen competitiveness in the financial sector. FTIG has also been constantly engaging the FinTech community to work on various projects, overcome hurdles and most importantly – be part of it.


FinTech Office

The development of a vibrant FinTech ecosystem requires close collaboration amongst government agencies in Singapore. A FinTech Office, established on 3 May 2016, serves as a one-stop virtual entity for all FinTech related matters and to promote Singapore as a FinTech hub.

The FinTech Office will be co-led by Sopnendu Mohanty, Chief FinTech Officer, MAS and Steve Leonard, Chief Executive Officer, SG-Innovate. The members of the office include:

  • MAS
  • Economic Development Board of Singapore
  • Infocomm Investments Pte Ltd
  • Info-communications Media Development Authority
  • National Research Foundation
  • SPRING Singapore

Contact information for the FinTech Office:


Last Modified on 26/11/2016