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FINTECH CERTIFIED TODAY!

CERTIFICATION FOR SINGAPORE FINTECHS

What is this certification?

This process is for companies looking to be certified as a “FinTech” under the Singapore FinTech Association (SFA)*

Who can qualify?

  1. Company is registered and operating in Singapore.
  2. Company is providing a technology solution for the financial sector as their core business.  This excludes companies with core business that are outside of the financial sector but implemented a wallet or payment solution to call themselves a Fintech.
  3. Company must have a working product1 that is ready for use.

Defined as a product that is ready for release / already released. The product should have enough value that people are willing to use it or buy it. It should be fully tested, demonstrate enough benefits and features to retain users and be available for use.

Why do I need this certification?

  1. This certification is recognised by the Monetary Authority of Singapore (MAS)
  2. This is the benchmark qualification needed to receive some of the support from the MAS’s COVID-19 Support Package**

**Please note that approval of MAS Grants is subject to MAS discretion            * Terms & Conditions Apply

CERTIFICATION FEES

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Membership fees starts from $100 (excl. One time administration fee of $100)

PROCESS OF CERTIFICATION

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Step 1: Fill up the Form

Step 2: Review by SFA

  • SFA will review the application within 7 working days
  • SFA may request for additional information where needed

Step 3: Make Payment (Only for non-SFA Members)

  • Non-SFA members will be charged $199 annually for this service
  • Membership fees starts from $100 (excl. One time administration fee of $100)

Step 4: Issuance of Certificate

  • SFA will provide a certification report for certified FinTechs
  • Companies can then use this report to apply for grants directly with MAS

WHAT YOU SHOULD PREPARE

Company Documents

  • Acra File (Dated within the last 3 months)*

FinTech Solutions

  • Your Company's FinTech Solution Write Up (At Least 1)*
  • Financial Industry Customer Case Studies (Optional)

Supporting Documents

  • Additional Documents to show evidences of your Working Product or Minimal Viable Product (MVP)*

*Denotes Compulsory Documents

CURRENT STATISTICS

%

of successful applications receives their certification within 7 Working Days

average Working Days to receive the certification

EXCLUSIVE OFFERS FOR FINTECH CERTIFIED SFA MEMBERS