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.
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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Singapore and Kenya Establish Cooperation on Developing Digital Infrastructure at Inaugural Afro-Asia FinTech Festival
MAS and the Central Bank of Kenya have inked a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The two central banks will collaborate to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common standards.
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Response to two letters on the growing use of technology and its impact on jobs, "Strong Support to Help Financial Sector Workers Enhance Skills and Use New Technologies" by MAS and WSG - The Straits Times, 6 and 9 July 2019
The response to two forum letters reiterated that the correct response to the growing role of technology is not to avoid it but to equip our workers so that they can take on the higher value job roles that technology will enable.
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"The Wellness of Investing - Eating Well, Sleeping Well, Feeling Well" - Keynote Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at SIAS 1st Master Series Investment Conference on 11 July 2019
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.
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"Singapore - Becoming an ILS Domicile for Asia" - Opening Speech by Ms Gillian Tan, Executive Director, Monetary Authority of Singapore, at Artemis ILS Asia 2019 on 11 July 2019
Ms Gillian Tan, Executive Director, MAS, shared about the Insurance-linked securities (ILS) landscape globally and in Asia, and discussed Singapore’s role in supporting the growth of ILS in Asia.
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Court Convicts Three Individuals for Insider Trading and Orders Forfeiture of Criminal Proceeds
Three individuals were convicted and sentenced to prison terms of between 20 to 36 months for insider trading offences. The State Court also ordered for the forfeiture of criminal proceeds.