MAS integrates CDP to SGFinDex database

DBS’s NAV Planner also benefits from this move. 

The Monetary Authority of Singapore announced the second phase of the Singapore Financial Data Exchange (SGFinDex), in which the Central Depository (CDP) will be integrated into the database. 

Originally released on 7 December 2020, the SGFinDex will now allow individuals to view their investment holdings at the CDP as part of their consolidated financial position via participating banks’ financial planning applications and MyMoneySense. Collaborations with CDP also include the Singapore Exchange, the Association of Banks in Singapore, and other participating banks. 

Assistant Managing Director (Capital Markets) Lim Tuang Lee stated that the inclusion of CDP data would provide Singaporeans with a holistic view of their financial portfolio. 

DBS, one of the banks partnered with MAS, has also spoken about CDP’s integration into the SGFinDex would affect DBS NAV Planner. Customers will be able to view their investments automatically by asset class. 

Evy Wee, Head of Financial Planning, Investments and Insurance Solutions, DBS Bank, also said that this data is core to financial and retirement planning. The partnership between DBS and MAS is also expected to provide interest payment information of each customer’s Singapore Savings Bonds via DBS NAV Planner.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.
The new deal also extends SIAEC’s existing on-wing care services with Rolls-Royce.
Prime office rents rose 1.5% QoQ in the fourth quarter of 2021.
Completion of the acquisitions is expected to take place from H2 2022 to Q1 2024.
The Jalan Tembusu site hit a new record land rate of $1,302 psf ppr.
'Long COVID' is experienced by people who have symptoms that drag for a month.
This is according to interest rate forecasts from OCBC. 
Seven in 10 Singaporeans are looking to switch jobs in 2022.
DairyFarm had the most growth.
A continued expansion of the VTL program strengthened this performance. 
The resumption of data centre development came with new conditions.
The digital platform will use the fund to strengthen haulage capacities.
This is part of its continued support for the vaccination and booster drive.