WORLD · VERIFIED DEVELOPMENT
MAS Allocates S$220 Million to Boost Fintech Innovation
WHY IT MATTERS
The funding will directly support fintech projects across key areas, boosting Singapore’s competitiveness and accelerating the adoption of AI and advanced infrastructure in the financial sector.
What happened
The Monetary Authority of Singapore (MAS) announced a S$220 million investment to accelerate fintech innovation in Singapore. The funding marks the fourth iteration of MAS’s fintech support scheme and will be deployed across six tracks: institutional innovation, AI adoption, infrastructure and platforms, and talent development.
The initiative aims to strengthen Singapore’s fintech ecosystem by providing targeted resources for emerging technologies and skilled talent. Projects funded under the scheme will receive financial support and strategic guidance, enabling faster development and deployment of fintech solutions.
MAS officials said the investment will help Singapore maintain its position as a regional fintech hub and foster collaboration between banks, startups and technology providers.
PRIMARY SOURCES
MAS commits S$220 million to accelerate innovation in the fintech sector: Gan Kim Yong
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