MAS Commits S$220 Million to Accelerate Innovation in the Fintech Sector: Gan Kim Yong

Singapore commits $170 million over three years to drive fintech innovation

Singapore Plans $173 Million in Fintech Funding Over Three Years

Singapore has earmarked S$220 million ($173 million) over three years to fund financial technology and innovation, as it seeks to stay competitive with other rival hubs including Hong Kong that are also investing in this area.

MAS to invest S$220 million in fintech innovation, targets frontier tech and talent

The funds will go towards the fourth tranche of FSTI scheme over three years Read more at The Business Times.

MAS commits $220m to support Singapore's fintech sector over next 3 years

To support innovation in Singapore's financial sector, the Monetary Authority of Singapore (MAS) will commit $220 million in funding over the next three years, Deputy Prime Minister Gan Kim Yong announced on Monday (Aug 31).The funding will come under the fourth iteration of MAS' Financial Sector Technology and Innovation Scheme (FSTI), DPM Gan said."With AI and other frontier technologies emerging, we want to capture new growth opportunities," …

MAS commits S$220 million to accelerate innovation in the fintech sector: Gan Kim Yong

The fourth iteration of the scheme will be implemented through six tracks spanning institutional innovation, AI adoption, infrastructure and platforms and talent development.  

MAS commits $220m to boost fintech innovation and talent

MAS commits $220 million over three years to support fintech innovation, talent development, and AI adoption, strengthening Singapore’s financial sector competitiveness. Read more at straitstimes.com.