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Photo: Shutterstock.com / Nattakorn_Maneerat

Singapore Builds Platform That Lets People Consolidate Financial Data

– FinExtra

  • News
  • Posted by Good ID team (Good ID)
  • 8 January 2021

Singapore has launched a centralized financial technology platform for citizens to link data held by government agencies and some banks

According to FinExtra, the platform builds upon SingPass, the country’s official digital identity.

“Developed by government agencies, including with the Monetary Authority of Singapore, with the backing of seven leading banks, the Singapore Financial Data Exchange (SGFinDex) is designed to help Singaporeans improve their money management and financial planning.”

Future plans and opportunities with the data exchange include accessing insurance policies and stock holdings, and the service already offers digital financial planning.

SGFinDex empowers the individual to consolidate his financial information for a comprehensive view of his portfolio, and use digital tools like MyMoneySense to make better financial decisions

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