Top 5 Financial Services Providers in Singapore 2024

financial companies in singapore

Singapore, renowned for its stringent regulatory framework and robust financial infrastructure, has always been a beacon of stability in the often turbulent seas of global finance. Banks operating within its jurisdiction are notably well-capitalized, and they routinely conduct rigorous stress tests to safeguard against potential vulnerabilities relating to interest rate fluctuations and other financial risks. 

To attest to the strength and resilience of Singapore’s financial industry, the Monetary Authority of Singapore (MAS) reassured that Singapore’s banking system remains robust and well-prepared to weather any potential economic storms. Additionally, banks in Singapore maintain a healthy liquidity position and are capable of competing against the world’s leading financial institutions, thanks to a stable and diversified funding base.

In light of the current global financial scenario, a closer look at the top-tier financial service providers in Singapore becomes exceedingly relevant. Doing so will help in understanding how these entities manage to uphold their stability and security in such trying times. Here we will delve into the top 5 financial services providers in Singapore.

What is the Financial Service Industry?

According to Investopedia, the financial service industry encompasses a broad range of organizations that manage money and play a crucial role in various financial transactions and processes across the economy. This industry is multifaceted, offering a variety of financial products and services to both individual consumers and corporate clients. It includes banks, insurance companies, investment funds, broker-dealers, and firms that provide numerous financial and investment-related services.

Key components within the financial services industry include:

  • Banking Services: Traditional services provided by banks, such as account management, provision of loans, credit card services, and facilitating transactions.
  • Investment Services: Includes services related to the management, investment, and advice concerning stocks, bonds, and other securities. This might involve brokerage services, asset management, and financial advising.
  • Insurance Services: Involves the provision of risk management through insurance policies covering life, health, property, and various other domains, offering financial security and protection against different kinds of risks.

For insurance companies, Brandon Bruce, EY Asean Insurance Leader, has this to say, “Insurers need additional focus on ensuring more seamless services by enabling technology across the delivery chain and enriching product offerings to the direct customer and via digital sales portals.”

Top 5 Financial Companies in Singapore

dbs logo

1. DBS Bank

DBS Bank, a Singaporean multinational banking and financial services corporation, is headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. Established in 1968, it continues to support the country’s growth for more than five decades.

As Asia’s Safest and Best Bank and a leading global investment banking company, DBS serves generations of customers in Singapore, offering a diverse range of services to cater to various needs.


  • Personal Banking: These range from savings accounts and loans to insurance and investment management options. You can enjoy the convenience of managing your finances with DBS’ user-friendly digital banking platforms and extensive branch network.
  • Wealth Management: To help you grow and protect your wealth, this global financial services company provides tailored wealth management services that consider your risk appetite and financial goals. You’ll have access to a team of dedicated relationship managers, research analysts, and product specialists who can provide expert advice and market insights.
  • SME Banking: DBS also supports small and medium-sized enterprises (SMEs) with a variety of banking solutions. These include cash management, trade finance, business loans, and digital payment solutions to help your business overcome challenges and seize growth opportunities in the global market.

Address: 68 Orchard Rd, #B1-25 Plaza, Singapore 238839


Reviews: 3.2 stars | 31 reviews (DBS Asia Central)

sing invest & finance limited logo

2. Sing Investments & Finance Limited

Sing Investments & Finance Limited is a well-established finance company in Singapore. Incorporated in November 1964, the company has been operating for over 59 years and is dedicated to providing loans and credit facilities to individuals and corporations, focusing primarily on small and medium-sized enterprises (SMEs) in Singapore. 


  • Personal Financing: The company offers loans and credit facilities for individuals looking to finance their aspirations. Leveraging their vast experience, they deliver an exceptional financial experience.
  • Corporate/SME Financing: Sing Investments & Finance Limited is committed to assisting SMEs in Singapore by providing loans and credit facilities to meet financing needs. They understand the challenges faced by SMEs and are dedicated to fulfilling their business aspirations.
  • Fixed Deposit: The company offers attractive, online FD Online fixed deposit rates that allow you to make placements and maximize your interest earnings. This service enables you to find the perfect account and make your money work for you.

Address: 96 Robinson Road #01-01, SIF Building Singapore 068899


Reviews: 4.2 stars | 9 reviews

ifs capital logo

3. IFS Capital

IFS Capital Limited is a Singapore-based financial institution focused on providing small businesses with capital solutions. Established in 1987, the company has grown to become a reputable name in the regional financial sector and has been listed on the Singapore Exchange (SGX) since 1993. 

As part of the PhillipCapital network of companies, IFS Capital operates not only in Singapore but also in Malaysia, offering diverse financial services to small and medium-sized enterprises (SMEs). Their goal is to help SMEs grow and expand their businesses by providing them with flexible financial options tailored to their needs.


  • Financing Solutions for SMEs: IFS Capital offers a wide range of financing options for SMEs, including SME working capital loans, trade financing, equipment financing, and structured financing. 
  • Investor Relations and Opportunities: As a publicly listed company on the SGX, IFS Capital is committed to maintaining transparent and reliable communication with its investors. The company provides detailed annual reports and timely financial updates, ensuring that investors stay informed of their performance and future plans.

Address: 10 Eunos Road 8 #09-04 Singapore Post Centre Singapore 408600


Reviews: 4.1 stars | 14 reviews 

ocbc bank logo

4. OCBC Bank

OCBC Bank, Singapore’s longest-established local bank, was formed in 1932 through the merger of three local banks. The bank has grown from strength to strength and now operates as a regional financial services group. This respected financial services company is consistently ranked among the top three “safest banks in the world” according to Global Finance magazine. With strong investment banking capabilities, The Asian Banker also named OCBC as the leading international banking group in Singapore for 2022, as well as the 9th strongest in the Asia-Pacific region in 2021.


  • Personal Banking
    • Savings and current accounts
    • Loans, including home and car loans
    • Credit cards
    • Wealth management and investment services
  • Business Banking Services: This includes financial institution solutions through their Global Financial Institutions team. Businesses can leverage the bank’s strong regional presence to access tailored solutions for:
    • Corporate banking services
    • Trade finance
    • Treasury and market services
    • Cash management
  • Wealth Management
    • Financial advisory services
    • Corporate and Investment banking
    • Trust and fiduciary services
    •  Asset management

Address: 63 Chulia Street #10-00 OCBC Centre East Singapore 049514


 Reviews: 3.9 starts | 47 reviews

hong leong finance logo

5. Hong Leong Finance

Hong Leong Finance is a well-established financial institution in Singapore and has been proudly serving clients for more than 60 years. As the largest finance company in Singapore, Hong Leong Finance has an extensive network of 28 branches and 12 SME Centres islandwide, making it highly accessible to customers who need a wide range of financial services.


  • Fixed Deposits and Savings: Hong Leong Finance offers attractive fixed deposit and savings options for you to grow your wealth. Their range of products allows you to choose the best plan that suits your financial goals. 
  • Mortgages and Home Loans: When you want to finance the purchase of your dream home or refinance your existing mortgage, Hong Leong Finance provides various home loan packages designed to meet your diverse requirements. 
  • Car Loans and Share Financing: Their car loans and share financing products are designed with attractive interest rates and flexible repayment options, providing you with the necessary financial support while keeping your focus on achieving your long-term goals.
  • SME Financial Solutions: For small and medium-sized enterprises (SMEs) in need of financial assistance, Hong Leong Finance has government assistance programs and tailored financial solutions to help businesses manage their cash flow and fuel their growth. 

Their competitive interest rates and flexible loan tenures cater to different budgets, making it easier for you to choose a plan that best suits your needs. They also provide corporate finance and advisory services to help you navigate the ever-changing business landscape.

Address: You can find the nearest Hong Leong Finance branches here.


Reviews: 5 stars | 2 reviews (depends on the branch)


These top-tier finance companies embody the essence of continuously evolving financial services, as well as outstanding financial security and prudence. Additionally, through their varied and comprehensive services, they act as linchpins that support both individual and corporate financial needs seamlessly within the city-state and beyond. 

Key Takeaways

  • Singapore is recognized globally for its strong financial infrastructure and rigorous regulatory framework, making it a model of stability in the volatile world of global finance.
  • The financial service industry is expansive and essential, covering organizations that are pivotal in driving global economic transactions. 
  • With services ranging from traditional banking to insurance and investment advisories, this industry is a cornerstone for economic growth and stability.

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