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The refreshed Financial Services Industry Transformation Map ITM 2025, spearheaded by the Monetary Authority of Singapore MAS, fortify Singapore's status as a leading global financial hub in Asia. This strategic framework outlines ambitious plans for fostering innovation, enhancing financial infrastructure, catalyzing environmental transitions, shaping future financial networks, and cultivating an adaptable workforce.
Our vision is to make Singapore a distinguished international financial center that:
Connects Global Markets: We envision seamless connectivity between local and global markets through advanced digital solutions and innovative financial services.
Supports Asia’s Development: By empowering the region's growth with sustnable finance, risk management strategies, and investment opportunities.
Serves Singapore’s Economy: Strengthening domestic financial ecosyste drive economic stability and prosperity.
1. Enhance Asset Class Strengths
Deepen capabilities in core asset classes like securities, derivatives, wealth management, and insurance to mntn a robust financial center proposition.
Promote risk-based innovation regulatory standards while embracing digital transformation.
2. Digitalize Financial Infrastructure
3. Catalyse Asia’s Net-Zero Transition
Leverage the power of finance to drive a green future by deploying capital towards sustnable projects and fostering environmental, social, and governance ESG practices.
Develop frameworks for financing, risk management, and reporting that align with net-zero objectives across industries.
4. Shape the Future of Financial Networks
5. Foster a Skilled and Adaptable Workforce
Growth: m for an annual value-added growth rate of 4.0 to 5.0.
Jobs: Create 3,000 to 4,000 net new jobs annually across multiple sectors within financial services.
The Financial Services ITM launched in 2017 with a focus on innovation and technology adoption, and the development of a world-class workforce. Over the years, it has witnessed significant progress:
Innovation Hub Development: Singapore has become an incubator for fintech startups, driving market growth through digital solutions.
Green Finance Initiatives: Strengthened ESG practices across financial institutions to support sustnable investments and risk management frameworks.
Workforce Upgradation: Enhanced skills trning programs have been implemented to equip the workforce with the necessary competencies for future challenges.
For further inquiries or updates on our initiatives, please feel free to reach out via:
Eml: [email protected]:[email protected]
Website: www.mas.gov.sghttp:www.mas.gov.sg
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Singapores Future Financial Hub Vision 2025 Financial Services Industry Transformation Map Enhanced Asset Class Strengths Strategy Digitalizing Financial Infrastructure Initiative Catalyzing Asias Net Zero Transition Plans Shaping Global Financial Network Goals