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.
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.
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.
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.
Joint Statement of the 7th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM)
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.
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.
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.
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.