MAS commits S$220 million to accelerate innovation in the fintech sector: Gan Kim Yong
MAS chairman Gan Kim Yong announced a S$220 million investment to boost Singapore's fintech sector through infrastructure, AI adoption, and talent development. The scheme includes a focus on creating internship opportunities to build a pipeline of young professionals.
Why it matters
Strategic investment in fintech infrastructure is essential for nations aiming to lead in the digital economy.
The fourth iteration of the scheme will be implemented through six tracks spanning institutional innovation, AI adoption, infrastructure and platforms and talent development.
Deputy Prime Minister and Monetary Authority of Singapore (MAS) chairman Gan Kim Yong speaks to the media, Aug 31, 2026. (Photo: CNA/Wallace Woon)
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