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 .
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 outlines our growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption.
Grants for Innovation
Get funding on proof-of-concepts, hiring, business development and more.
World's first open architecture platform for financial institutions to easily discover FinTechs, quickly design prototypes and rapidly deploy solutions.
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.
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.
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.
Understand more about MAS' payment initiatives like SGQR, FAST, PayNow and UPOS.
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.
Read more about the 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 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.
At the Economic Society of Singapore Annual Dinner 2022, Mr Ravi Menon, Managing Director, MAS, spoke about five transformative changes to get to net zero - a price on carbon; a shift to cleaner energy; a greening of the economy; a pivot to transition finance; and a sustainable lifestyle.
MAS and Elevandi announced the return of the Singapore FinTech Festival (SFF) as an in-person event to be held from 2 to 4 November 2022, with industry events and the annual Innovation Lab Crawl being held on 31 October and 1 November. The theme of SFF 2022 will be ‘Building Resilient Business Models amid Volatility and Change’.
MAS announced that Singapore’s S$2.4 billion inaugural sovereign green bond was priced at 3.04%. S$2.35 billion of the 50-year bond was placed with institutional and accredited investors. The remaining S$50 million of the bond will be offered to individual investors, who may submit their applications from 9:00am on 5 August to 12:00 noon on 10 August 2022.
Singapore, 26 July 2022… The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia. The Programme is a collaboration under MAS’ Project Greenprint Project Greenprint is a programme...
MAS and the People’s Bank of China announced the renewal of the Bilateral Currency Swap Arrangement for a further term of five years, until 2027.