What is SGFinDex? A simple guide for Singapore

SGFinDex lets you pull your bank, CPF, HDB and IRAS data into one view using Singpass. Here’s what it shows — and the one thing it doesn’t.

What is SGFinDex, in one paragraph

SGFinDex — the Singapore Financial Data Exchange — is government-built plumbing that lets you pull your own financial information from different banks, insurers and government agencies into one consolidated view, using Singpass to prove it’s you. It was developed by the Monetary Authority of Singapore together with the government’s digital agencies. It isn’t an app you download. It’s the rails that let a financial planning app or your bank’s app show you everything in one place, only after you’ve given consent.

Think of it as a permission slip you sign with Singpass, once, that says: this app may fetch my balances from these institutions.

What SGFinDex can pull in

Participation is voluntary and the list has grown over time, but broadly it covers three groups.

Banks. The major retail banks in Singapore participate. Through them you can retrieve things like deposit account balances, fixed deposits, credit card balances, loan balances, and investment holdings such as unit trusts and SRS or CPFIS holdings.

Insurers and SGX CDP. Participating insurers can share your policy information, and SGX CDP can share your shareholdings.

Government agencies. CPF, HDB and IRAS participate as data contributors — so you can see CPF balances, HDB loan balances and instalments, and your assessable income as reported to IRAS.

Two details worth knowing before you rely on the numbers:

• Bank and insurer figures are usually as at the previous month-end or your last statement, not live to the minute.
• CPF and HDB figures are current as at the day you connect or refresh.

The participating institutions and the exact data fields do change, so check the current list with MAS or your own bank before assuming something will appear.

How to use it

The flow is roughly the same wherever you start from:

1. Open a participating app or website that offers SGFinDex — your bank’s financial planning section, for example.
2. Log in with Singpass to authenticate.
3. Choose which banks, insurers or agencies you want to authorise. You’ll be sent to each one to confirm.
4. Come back and see the consolidated view.

Your consent has a time limit, but it extends automatically each time you sync your data. You choose which institutions to include, and you can leave any of them out.

Is SGFinDex safe?

It’s built on Singpass, the same national digital identity you already use for government services, and nothing moves without your explicit consent for each institution. You’re not handing your banking password to a third-party app — the authorisation happens on each institution’s own login page.

The honest caveat: safety also depends on the app you’re viewing the data in. Look at who operates it, where it’s based, and what it says it does with your information.

The one thing SGFinDex doesn’t do

Here’s the gap most people hit.

SGFinDex is very good at telling you what you have. Balances, holdings, what you owe, what’s in your CPF. It gives you a net worth picture that used to take an afternoon of logging into six different portals.

What it doesn’t give you is where your money actually went. It’s not a spending tracker. It won’t tell you that you spent $340 on food delivery last month, or that your grocery bill has quietly crept up since March. That level of detail lives in your transactions, not your balances — and for most Singaporeans, transactions are scattered across a bank card, a credit card, PayNow, and cash.

Which is why the complete picture usually needs two things: SGFinDex for the top-level view, and a spending tracker for the day-to-day.

Closing the gap without photographing receipts

The traditional fix is manual — key in what you spent, or snap a photo of every receipt and hope the app reads it correctly. Most people manage this for about three weeks.

A better version is capture that happens without you doing anything. Traceipt is an expense tracker built for Singapore — SGD, local context, and designed around how money actually moves here. When you tap your phone on a Traceipt Pad at a participating shop or café, the itemised receipt saves to your account automatically. Not a photo of a receipt. The actual line items, already sorted.

That means you can see not just how much you spent at a supermarket, but what was in the basket — which is usually where the surprises are.

The iOS app is coming soon on the App Store, with a free tier. Join the waitlist to be first in.

If you’re building a budget from scratch and want somewhere to start, our simple budgeting guide for Singapore walks through the basics, including where CPF fits.

Questions people ask

Do I need to pay to use SGFinDex?

No — it’s national digital infrastructure. Individual apps that use it may have their own pricing.

Does SGFinDex show my transactions?

Generally no. It’s built around balances and holdings, not a line-by-line spending history — you’ll want a separate expense tracker for that.

Can I disconnect a bank later?

Yes, consent is per-institution and under your control. Check the exact steps with the app or bank you connected through.

Sources

• MAS — SGFinDex FAQ

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