Launch of the Singapore Financial Data Exchange

A&G News 5 April 2021

Allen & Gledhill advised The Association of Banks in Singapore (“ABS”), the Smart Nation and Digital Government Group (“SNDGG”) and seven participating banks, as project counsel, on the launch of the Singapore Financial Data Exchange (“SGFinDex”), in collaboration with the Monetary Authority of Singapore and the Ministry of Manpower.

SGFinDex is the world's first public digital infrastructure to use a national digital identity and centrally managed online consent system to enable individuals to access, through financial planning applications, their financial information held across different government agencies and financial institutions in Singapore.

Advising ABS, SNDGG and the seven participating banks was Allen & Gledhill Partners Tan Wee Meng.

Advising ABS, SNDGG and the seven participating banks on competition and antitrust issues was Allen & Gledhill Partner Scott Clements.