APIX
World's First Cross-Border, Open-Architecture Platform to Support Financial Innovation and Inclusion
FinTech and Innovation
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.
Singapore’s FinTech journey is about innovation, inclusion and inspiration. Everything we do in FinTech must always have a larger purpose – to improve the lives of individuals, to build a more dynamic economy, to promote a more inclusive society.
- Ravi Menon, Managing Director, MAS
Singapore FinTech Festival 2018
Key Facts
40+
Innovation labs
500+
FinTech startups
S$500M
Record-high FinTech investment in 2018
US$12B
Capital for ASEAN enterprises
Singapore Innovation Landscape
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-operaton.
Trade Finance
The Global Trade Connectivity Network (GTCN) is a cross-border Distributed Ledger Technology (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.
Singapore FinTech Ecosystem
Sectors
What's New
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MAS Launches Sandbox Express for Faster Market Testing of Innovative Financial Services
MAS has launched Sandbox Express to provide firms with a faster option to test innovative financial products and services in the market.
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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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MAS to Issue up to Five Digital Bank Licences
MAS announced that it will issue up to five new digital bank licences. This is in addition to any digital banks that the Singapore banking groups may also establish under the existing internet banking framework introduced in 2000. MAS’ move extends digital bank licences to non-bank players.
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“Banking Liberalisation’s Next Chapter: Digital Banks” – Keynote address by Mr Tharman Shanmugaratnam, Senior Minister and Chairman, MAS, at The Association of Banks in Singapore’s Annual Dinner, on 28 June 2019
Mr Tharman Shanmugaratnam, Senior Minister and Chairman, MAS, announced MAS' decision to award digital bank licences and sets out the admission criteria and regulatory expectations. MAS welcomes digital banks with innovative business models that can add diversity and choice to our banking system.
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Singapore FinTech Festival and SWITCH come together – to bring the global innovation community to Singapore
MAS, Enterprise Singapore and the National Research Foundation announced that the Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) would come together as SFF x SWITCH to synergise across the themes of FinTech and Deep Tech. SFF x SWITCH will run from 11 to 15 November 2019.