Singapore Announces Major Funding Package to Accelerate Fintech Innovation
The Monetary Authority of Singapore has committed approximately 220 million dollars in new funding to support financial technology startups and digital infrastructure over the next three years. The initiative aims to solidify the city-state position as a global hub for innovative financial services.
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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.
By Rthvika Suvarna
Read full article →Singapore to invest US$173m over 3 years to boost fintech innovation
Singapore will commit S$220 million (US$173 million) over three years to boost its fintech sector, including co-funding at least 1,000 internships in a strong push to build talent for AI and other emerging technologies. The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The industry currently has more than 1,800...
By Jean Iau
Read full article →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.
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