Financial services firms in Singapore typically budget for IT using per-user cost benchmarks and operating model considerations, rather than a fixed percentage of revenue. For firms with 20 to 80 employees, IT spending commonly ranges between: S$120 to S$155 per user per month (typical range) Up to S$175+ per user per month for more advanced security and compliance environments This budget goes beyond basic IT support. It includes the people, systems, tools, and processes req

Financial services firms in Singapore typically choose between building an in-house IT function, engaging a Managed Service Provider (MSP), or adopting a hybrid model, depending on cost, risk management, and operational complexity. For firms with 20 to 80 employees, the decision is not just about IT support, it is about ensuring the business can consistently manage technology risk, maintain security controls, and meet expectations aligned with MAS (Monetary Authority of Sing