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.
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.
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.
IP Protection
Protect your intellectual property faster through the FinTech Fast Track Initiative, Patent Prosecution Highway and ASEAN Patent Examination Co-operation.
Trade Finance
The Global Trade Connectivity Network (GTCN) is a cross-border DLT project to digitalise trade and trade finance.
Project Ubin
An industry collaboration exploring the use of Blockchain and Distributed Ledger Technology (DLT) for Central Bank Digital Currency.
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.
What's New
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Consultation Paper on Proposed Guidelines on Environmental Risk Management for Banks
This consultation sets out MAS’ proposed Guidelines on Environmental Risk Management for all banks, merchant banks, and finance companies. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk.
- Consultation number:
- P003-2020
- Start date:
- 25 June 2020
- Closing date:
- 07 August 2020
- Status:
- Open
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"Covid-19: We Need More Connectivity, Not Less" - Keynote Speech by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Caixin Summer Summit 2020 on 22 June 2020 [via Video Conference from Singapore]
Mr Ravi Menon, Managing Director, MAS, spoke on the two priorities for international co-operation in the wake of Covid-19 - keeping global supply chains open and strengthening digital connectivity across nations.
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"Shanghai and Singapore: Financial Centre Partnership" - Panel Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Lujiazui Forum 2020 on 18 June 2020 [via Video Conference from Singapore]
Mr Ravi Menon, Managing Director, MAS, spoke on the role that finance plays in supporting post COVID-19 recovery, and how Shanghai and Singapore can work together to harness the power of finance to promote a greener, more sustainable economy.
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MAS Launches S$1.75 Million FinTech Innovation Challenge for a Covid-Resilient and Greener Financial Sector
MAS has launched a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate change.
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"Keeping Green and Impact in Focus" - Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore, at Asian Venture Philanthropy Network (AVPN) Virtual Conference 2020 on 8 June 2020
Ms Jacqueline Loh, MAS’ Deputy Managing Director, spoke about the role of green and sustainable finance, and impact investing, in supporting the pandemic response and development of a sustainable future.