Singapore's new Financial Data Exchange lets users view all financial info under one roof

The Monetary Authority of Singapore and Singapore’s Smart Nation and Digital Government Group (SNDGG) launched on Monday a new platform, called Singapore Financial Data Exchange (SGFinDex), to allow customers to share and access their information, including government records, across multiple banks.

“Today, our personal financial information is fragmented across multiple entities, and we often take financial decisions, like making an investment or buying a house, without a holistic view of our financial situation. SGFinDex empowers the individual to consolidate financial information for a comprehensive view,” Ravi Menon, managing director of MAS, said in a statement.

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