Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificFebruary 19 2021

Singaporean sweeteners help financial services investment hold up

Government initiatives helped lure foreign banking and fintech investment last year despite Covid-19 crisis.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Singaporean sweeteners help financial services investment hold up

Foreign direct investment (FDI) in financial services and fintech held up well in Singapore last year, despite the economic fallout from the Covid-19 pandemic.

The city state attracted 53 financial services and fintech projects in 2020, a slight drop from the 59 projects it attracted in 2019. Meanwhile, capital investment in Singapore increased from $1.18bn to $1.2bn in 2020, according to greenfield data monitor fDi Markets.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial