MAS commits $220m to boost fintech innovation and talent
The Monetary Authority of Singapore (MAS) has committed S$220 million over three years to support fintech innovation and talent development. This initiative, the fourth iteration of the FSTI scheme, aims to maintain Singapore's competitive edge in the global financial sector.
Why it matters
Government-backed funding for fintech is a key driver for digital transformation and economic growth in financial hubs.
Deputy Prime Minister Gan Kim Yong said the measures are aimed at helping Singapore’s fintech sector capture new growth opportunities.
Listen Summarise MAS commits $220 million over three years to boost innovation and talent development in Singapore's financial and fintech sectors. The scheme supports six tracks, including fintech internships, AI adoption, research centres, and scaling market-ready solutions. The initiative aims to keep Singapore competitive globally, foster collaboration, and attract private investment in fintech innovation. AI generated
SINGAPORE – Companies in the financial and fintech sectors will receive more support to accelerate innovation and grow their talent pipelines, following a $220 million boost announced by the Monetary Authority of Singapore (MAS) on Aug 31.
The amount will be committed over three years, and is part of a renewed scheme to build a resilient and competitive financial sector.
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