SGFinDex is the world's first public digital infrastructure to use a national digital identity and centrally managed online consent system to enable individuals to access, through applications, their financial information held across different government agencies and financial institutions.
About SGFinDex
SGFinDex, which stands for Singapore Financial Data Exchange, is a joint initiative by the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG), with the support of the Ministry of Manpower (MOM). It is built on Singapore's National Digital Identity (Singpass) and developed by the public sector in collaboration with The Association of Banks in Singapore (ABS), Life Insurance Association, Singapore (LIA Singapore), and *15 participating financial institutions.
With SGFinDex, individuals can use their Singpass to retrieve their personal financial information (such as deposits, credit cards, loans, insurance policy details and investments) from the participating banks, insurers and CDP, and their financial information (such as HDB loans and CPF balances) from the relevant government agencies. This will help individuals better understand their overall financial health and plan their finances holistically.
*15 participating financial institutions are Citi, DBS / POSB, HSBC, Maybank, OCBC, Standard Chartered Bank, UOB, the SGX Central Depository (SGX CDP), AIA Singapore, AXA Singapore, Great Eastern, Income, Manulife Singapore, Prudential Singapore and Singlife with Aviva.
Benefits of SGFinDex

Efficient and Standardised
Centralised gateway for efficient data sharing based on common data and API standards

Secure Infrastructure
A government owned and operated infrastructure that uses National Digital Identity (Singpass) authentication and consent framework

Drives Digital Transformation
Enables data-driven innovations
Financial Planning Use Case
Convenient sharing of data across entities with SGFinDex

The Old Way
- Individuals manually collate financial data across different data sources which can be cumbersome and time consuming

The SGFinDex Way
Individuals can conveniently and securely view their consolidated personal financial data on any financial planning application(s) of their choice

Financial Planning Made Easier
Enables Singaporeans to do better financial planning and achieve financial well being
How SGFinDex Works
Data Sets

From Banks
- Current / Savings Account and Fixed Deposit (month-end account balance for the last 4 months)
- Outstanding credit card balances (statement balance for last 4 months)
- Loans balances (previous month's statement balance)
- Unit Trusts (previous month's account balance)
- CPF Investment Scheme (CPFIS) / Supplementary Retirement Scheme(SRS) holdings (previous month's account balance)

From CDP
- Equities – Shares, REITs/Trusts, Stapled Securities, Depository Receipts, Loan Stocks (previous month-end balance)
- Bonds – Corporate Debt, TBond, TBill (previous month-end balance)
- Unit Trusts – Local ETF (previous month-end balance)
- Structured Products – Structured Warrants (previous month-end balance)
- Others – Rights, Preference Shares, Funds, Plain Warrants (previous month-end balance)

From Insurers
- Policy details (e.g., name of policyholder and insured, policy maturity date, policy surrender information, policy premium information)
- Coverage details (e.g., product name, sum insured, hospitalization benefits, plan effective and expiry date)
- Fund details -where applicable (e.g., fund name and fund market value)
- Projected future policy value (where applicable)

From Government
- CPF Ordinary Account (OA), Special Account (SA), MediSave Account (MA) and Retirement Account (SA) (most recent balances)
- IRAS Yearly Assessable Income
- Monthly HDB loan instalment
- HDB loan outstanding balance
SGFinDex Is Secure

Design Considerations
Consent-driven
Data is only retrieved after the user has given consent. Users retain control over which participating entities they wish to share their data with.
Data security
Data is kept confidential and protected during the data transmission process. SGFinDex cannot read and does not store the user’s personal financial data.

Key Features
Singpass as the authentication and authorisation mechanism
Users are verified with Singpass before they can connect their bank accounts and retrieve data. User’s identity is verified each time their personal financial data is retrieved.
Data encryption
- Users’ personal financial data is encrypted when it is retrieved through SGFinDex. Only the financial planning application/website that the user has authorised to receive the data is able to decrypt it.