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.
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.
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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Joint Statement of the 7th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM)
Joint Statement of the 7th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM)
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Singapore to Join International Efforts to Support IMF’s Initiatives for Vulnerable Low-Income Countries Impacted by COVID-19
MAS announced that Singapore intends to join international efforts to enhance the capacity of the IMF to assist vulnerable low-income countries in dealing with the economic fallout from the COVID-19 pandemic.
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“Innovation in Central Banking – Seizing Opportunities, Securing Our Future” - Remarks by Ms Jacqueline Loh, Deputy Managing Director (Corporate Development), Monetary Authority of Singapore, at BIS Innovation Summit on 25 March 2021
Ms Jacqueline Loh, Deputy Managing Director (Corporate Development), shared on how central banks should embrace and lead financial sector innovation, and channel these capabilities towards improving sustainability and enhancing cross-border payments.
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Court convicts individual for false trading and deception
Mr Wong Leon Keat was sentenced to a total of eight weeks’ imprisonment and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited.
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"The Future of Capital is Green" - Keynote Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at IMAS-Bloomberg Investment Conference on 9 March 2021
Mr Ravi Menon, Managing Director, MAS, spoke on the need to broaden the range of green financing solutions and markets; improve the consistency and transparency of ESG reporting and disclosure; and build knowledge and capabilities in sustainable finance.