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.
Central Bank Digital Currency
Unlocking new possibilities for the future of money and payments via CBDC.
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.
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.
Read MAS' announcement on the June 2022 FATF Statement highlighting jurisdictions with strategic deficiencies in AML/CFT.
At the opening of the Point Zero Forum, Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies spoke about three double helixes of – Swiss-Singapore collaboration, Digital-Sustainability drivers, and Regulator-Industry partnership.
MAS and the Singapore FinTech Association announced today the launch of the 2022 Singapore FinTech Festival (SFF) Global FinTech Awards. The theme for the 2022 Awards is “Embracing Digital, Charting the New Normal”.
MAS, the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP) have launched SME Financial Empowerment (SFE) - an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and Africa.
At the Asia Tech X Singapore Summit, Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies announced the launch of Project Guardian, a collaborative effort by MAS to partner the industry to explore the tokenisation of financial assets and develop the future of finance infrastructure. The first industry pilot will be to explore potential DeFi applications in wholesale funding markets.