See All Your Accounts In One Place With SGFinDex

A one-stop place to review your financial information

SGFinDex is a quick way to access consolidated financial information held across Government agencies (CDP, CPF, IRAS and HDB) and participating banks.
SGFinDex is exceptionally secure. Its consent-driven service has a SingPass authentication and authorisation mechanism, plus encrypts and does not store confidential financial data.

What is SGFinDex?

According to their website, SGFinDex (The Singapore Financial Data Exchange) 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.

TL;DR, it’s a government-initiated platform in Singapore where you can consolidate all your financial data from banks and government bodies, including the HDB, CPF, IRAS and CDP, in one place. No more switching between apps or manually collating data from different accounts.

Who Made SGFinDex?

The platform was created by the Association of Banks in Singapore, the Smart Nation and Digital Government Group and seven participating banks as project counsel.

As of August 2023, the 15 participating institutions are AIA Singapore, AXA Singapore, Citi, DBS / POSB, Great Eastern, HSBC, Income, Manulife Singapore, Maybank, OCBC, Prudential Singapore, Singlife with Aviva, Standard Chartered Bank, SGX Central Depository (SGX CDP), UOB. Because of the access to the CPF/IRAS/HDB info, it's already useful even if you only bank with one of the above.

What Does SGFinDex Do?

Through SGFinDex, individuals utilise their SingPass to access their individual financial data (comprising deposits, credit card details, loan records, insurance policies, and investments) from the collaborating banks, insurers, and CPD, alongside their financial information from pertinent government bodies. This encompasses particulars such as account balances, tax data sourced from the IRAS, CPF balances, HDB and automobile loans, as well as SGX holdings managed via the CDP.

Every time you need a consolidated view of your personal financial info, just update your balances by syncing with SingPass. Note that SGFinDex is not a real-time infrastructure and requires your approval via SingPass for each update.

All these can only be viewed or accessed with your consent, which has to be renewed yearly.

Getting Started With SGFinDex:

1. Log in to the Bank’s portal and select the bank’s financial application or webpage.

2. Log in via SingPass to authenticate your identity. You will find the SGFinDex page via whatever the particular bank chooses to call it (eg "Your Net Worth" or "Plan" in DBS Digibank and "Financial OneView" in OCBC on the landing screen, and "SGFinDex One View" way off the UOB TMRW front page under Wealth.)

3. Link it with your bank by clicking on the ‘Connect to Financial Institution’ (or similar) button and selecting your bank. This will take you to the authorisation of your second bank’s portal.

4. Log in to the second bank’s portal to give your consent for the bank to be linked up to transfer your financial data.

Both banks will be displayed once it’s successful. You can then go on to link more bank accounts by repeating Steps 3 and 4. You can then view your consolidated statements on any of the participating bank’s portals/websites (as well as via MyMoneySense).

The consolidated statements show account balances on the last day of the previous month for each linked account. Don't forget to update balances by clicking on the ‘sync to update balances’ button, redirecting you to SingPass to authorise financial information consent every time you wish to update your data. (This reflects the security measures in place.)

Is SGFinDex safe?

With aggregator apps like these, a huge concern is always that of privacy and data protection. With all your sensitive information on one platform, you might be worried about data sharing or hacking. Well, the good news is that SGFinDex has four secure features:

Consent Driven. Your explicit consent is needed for data retrieval, so there’s no need to worry about someone else accessing your data without your consent. You can revoke consent at any time through the bank app or website or MyMoneySense. For security reasons, the consent period will last for one year from the first consent given.
Data Security. While SGFinDex can transmit data to your smartphone or computer, it cannot read or store personal financial data. As such, you can be assured that all your financial information is kept confidential.
SingPass. You have to be authenticated through your SingPass (Singapore’s National Digital Identity) account to use SGFinDex, so it is unlikely that someone could successfully impersonate you. (Get your SingPass!)
Data encryption. As your financial data is encrypted, only the financial planning application/website you have authorised to receive the data can decrypt it.

Is it free?

Yes, this service is free! Whether you choose to access your consolidated data via MyMoneySense or a participating bank, you will not be charged.

SGFINDEX. COMPLETED. ✅

Sources:

MoneyFitt (ProConnect Technologies Pte Ltd) is not responsible for any errors or omissions, or for the results obtained from the use of this information and shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the app and its features, including but not limited to any damage or loss suffered as a result of reliance on the app. All information is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information. The information contained is not intended to be a source of advice or credit analysis with respect to the material presented. Any ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial, tax or legal professional and independently researching and verifying information. We do not provide any financial advice, nor are we licenced to.