Personal Finance
SGFinDex – Financial Information Consolidation Platform
By Fatty Finance  •  January 25, 2021
One Ring to rule them all, One Ring to find them, One Ring to bring them all, and in the darkness bind them – J.R.R. TOLKIEN. About a month ago, I started noticing different banks prompting me to consolidate financial data from other banks using a new “thing” called the SGFinDex. Singapore Financial Data Exchange, or SGFinDex, is an initiative by Singapore’s government to build a standardized infrastructure to allow individuals to retrieve our personal financial information from participating banks and relevant government agencies. Solving the Right Problem Before the streaming wars, there were the high-yield savings account wars in Singapore. With a savings rate of 53.8%, Singapore ranked 6th on the top ten countries with the highest savings rate. We are a nation of savers. And the banks know it too. They smell blood – they want to capitalize on our love of hoarding green cash. Hence, every local and foreign bank offered numerous high yield savings account up to 3.8%...
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By Fatty Finance
My aim is to simplify finance and make it palatable for everybody. I gather only the freshest financial trends and topics, mix them together with economics, health, business, science and other quality ingredients and stew them over long hours to serve you the simplest and most wholesome meals. As this is a fairly new blog, I will be focusing on writing investment topics for now. I intend to talk about all aspects of personal finance and will continue to expand each sections as the blog grows.

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