Why Singapore
Singapore offers financial institutions a pro-business and cost-competitive environment, excellent infrastructure, and a highly skilled and cosmopolitan labour force. Find out what makes Singapore a leading global financial centre.
Financial Services Industry Transformation Map 2025
The refreshed Financial Services Industry Transformation Map (ITM) 2025 sets out MAS’ growth strategies to further strengthen Singapore’s position as a leading international financial centre in Asia.
How MAS Supports You
Business Areas
MAS aims to make Singapore the leading global financial centre in Asia by developing key focus areas. Find out about the opportunities and plans that we have to grow your business areas.
Asset Management
A leading asset management and domiciliation hub that gives investors access to pan-Asian and global opportunities.
Enterprise Financing
Vibrant venture capital and private equity environment that supports a growing enterprise financing ecosystem.
Wealth Management
World class wealth management capabilities cater to evolving needs of wealth in Asia.
Foreign Exchange and Derivatives
Asia Pacific’s top foreign exchange and derivatives market continually evolves new capabilities to allow greater efficiencies.
Fixed Income
Asia’s fixed income hub that provides an efficient ecosystem catering to all issuer needs.
Infrastructure Finance
Developing a full service Asian infrastructure financing hub to cater to Asia’s growing infrastructure needs.
Sustainable Finance
Growing sustainable and green financing capabilities while helping financial institutions integrate sustainability factors into investment and business.
Insurance and Risk Financing
Global hub offering end-to-end risk financing solutions from traditional insurance to alternative capital, supported by advanced technology, and a skilled and professional workforce.
FinTech & Innovation
The financial sector is an integral part of Singapore’s ambition to be a Smart Nation. Find out how MAS is creating a Smart Financial Centre through FinTech and Innovation here.
Singapore FinTech Festival
The world's largest FinTech festival for the global FinTech community to connect, collaborate and co-create.
Grants for Innovation
Get funding on proof-of-concepts, hiring, business development and more.
Regulatory Sandbox
Sandbox relaxes specific regulatory requirements to enable live experiments of innovation within boundaries.
Green FinTech
Understand the various initiatives for technology solutions and projects in Green Finance.
Central Bank Digital Currency
Unlocking new possibilities for the future of money and payments via CBDC.
Digital Assets
Technological advances and the rapid digitalisation of the economy are unlocking new possibilities for the future of financial services, one of which is Digital Assets.
E-Payments
Understand more about MAS' payment initiatives like SGQR, FAST, PayNow and UPOS.
Business sans Borders
A collaborative AI-driven global solutions hub to foster SME digitalization.
SG FinDex
World's first to use a national digital identity and centrally managed online consent system for secure access to financial data from private and public sectors.
Set Up & Expansion
Financial institutions including startups can enjoy a range of MAS incentives and grants when setting up or expanding their operations in Singapore. Read about the support that is available for your business operations.
Grants
MAS offers funding support to firms and individuals participating in the financial services sector through the Financial Sector Development Fund.
Financial Institutions
MAS offers tax incentives for financial institutions setting up or expanding in Singapore. Learn about the Financial Sector Incentive (FSI) scheme and Insurance Business Development (IBD) scheme.
Smaller Financial Institutions
Tap on grants to support different stages of your financial institution’s growth and development (for financial institutions with employment size of not more than 200 employees).
Innovation Centres
MAS has earmarked to commit $225 million under the Financial Sector Technology and Innovation (FSTI) scheme to provide support for the creation of a vibrant ecosystem for innovation.
FinTech Startups
Tap on grants for different stages of your FinTech startup - from proof of concept, hiring and early investing to overseas expansion and listing.
Proof of Concept
MAS provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector. Find out about the FSTI Proof of Concept Scheme and how to apply.
Skills & Talent Development
MAS works closely with tripartite partners to build a skilled and adaptable Singapore workforce in finance. Financial institutions can get support for hiring and training (1.62 MB) as well as support for workforce transformation, while finance professionals can tap on funding for skills and career development (393.9 KB).
Click here to find out more.
What's New
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Keynote Address by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, at the Institute of Banking and Finance (IBF) Distinction Evening on 24 September 2026
At the IBF Distinction Evening 2026, Mr Gan Kim Yong, Deputy Prime Minister, Minister for Trade and Industry (Trade), and Chairman of MAS, spoke about preparing Singapore’s financial sector workforce for AI through skills development and stronger tripartite collaboration.
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Welcome Remarks by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore, and Chairman, Institute of Banking and Finance at the IBF Distinction Evening on 24 September 2026
At the IBF Distinction Evening 2026, Mr Chia Der Jiun, Managing Director of MAS and Chairman of IBF, spoke on IBF's efforts over the past year to equip the financial sector workforce with emerging skills, support workforce transitions, and develop the next generation of talent.
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"Engineering Resilience: The Role of Insurance in Asia's Next Chapter " - Opening Address by Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore, at the IMIA Annual Conference on 21 September 2026
At the IMIA Annual Conference, Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, MAS described the insurance industry's role in supporting Asia's growing infrastructure needs through understanding risk, reducing risk and connecting risk with capital.
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Monetary Authority of Singapore and People’s Bank of China Strengthen Cooperation in Transition and Adaptation Finance at the 4th Singapore-China Green Finance Taskforce Meeting
China, 18 September 2026… The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) held the 4th annual Singapore-China Green Finance Taskforce (GFTF) meeting in Nanning, China on 17 September 2026.
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"Building the Financial System of the Future: Trusted, Connected and Resilient" – Special Address by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore, at the Global FinTech Fest 2026 on 11 September 2026
At the Global FinTech Fest 2026 on 11 September 2026, Mr Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, shared perspectives on the transformative impact of AI on the financial sector, the importance of robust AI governance and cyber resilience, efforts to broaden AI adoption across the industry, and opportunities to deepen Singapore-India partnership through digital payments connectivity and innovation partnerships.