Development

MAS works closely with our partners to develop and promote Singapore as a regional and international financial centre. Find out about our strategies for developing the financial sector and the support we have for your financial institution.

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

In Budget 2016, the Government launched the Industry Transformation Maps (ITMs), which drive transformation at the company, industry and economy-wide levels. The ITM for financial services outlines our growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption.

How MAS Supports You

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 & 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 & 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.

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.

Grants for Innovation

Get funding on proof-of-concepts, hiring, business development and more.

API Exchange

World's first open architecture platform for financial institutions to easily discover FinTechs, quickly design prototypes and rapidly deploy solutions.

SGFinDex

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.

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.

Singapore FinTech Festival

The world's largest FinTech festival for the global FinTech community to connect, collaborate and co-create.

Regulatory Sandbox

Sandbox relaxes specific regulatory requirements to enable live experiments of innovation within boundaries.

Business sans Borders

A collaborative AI-driven global solutions hub to foster SME digitalization.

E-Payments

Understand more about MAS' payment initiatives like SGQR, FAST, PayNow and UPOS.
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.

MAS works with Tripartite partners to build a sustainable pipeline of professionals and leaders in the financial sector. Financial institutions can get support for hiring and training as well as support for workforce transformation, while finance professionals can tap on funding for skill and career development.

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Support Measures for Covid-19

Read more about the measures by the MAS, Association of Banks in Singapore, the Life Insurance Association, the General Insurance Association and the Finance Houses Association of Singapore to help individuals and SMEs affected by the COVID-19 pandemic.

MAS has announced a $125 Million support package for the financial and FinTech sectors to sustain and strengthen capabilities. This will position financial institutions and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.

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