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.
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
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.
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.
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.
What's New
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Joint Statement of Intent between the Monetary Authority of Singapore and the Swiss State Secretariat for International Finance to Promote Data Connectivity for Financial Services
In recognition of the importance of data connectivity in financial services, the Swiss State Secretariat for International Finance and the Monetary Authority of Singapore have agreed on and jointly issue the following statement of intent.
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Joint Statement of the 25th ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting
Joint Statement of the 25th ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting
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"MAS’ Approach to the Crypto Ecosystem" - Summary of Keynote Interview by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the Financial Times’ Crypto & Digital Assets Summit on 27 April 2022
At the Financial Times’ Crypto & Digital Assets Summit, Mr Ravi Menon, Managing Director, MAS, spoke about MAS’ approach to the crypto ecosystem and the expectations of crypto service licensees, as well as MAS' stance on central bank digital currencies and decentralised finance.
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"Money at a Crossroads: Public or Private Digital Money?" - Summary of Panel Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at IMF Seminar on Money at a Crossroads on 18 April 2022
At the IMF Seminar on Money at a Crossroads, Mr Ravi Menon, Managing Director, MAS, spoke about the potential to build a crypto or tokenised economy in Singapore. He also touched on the regulatory approach that MAS has taken towards crypto assets or tokens.
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Australia and Singapore to deepen collaboration in FinTech
Australia Treasury and MAS have signed the Australia-Singapore FinTech Bridge Agreement to strengthen cooperation between the FinTech ecosystems of both countries.