WORLD · VERIFIED DEVELOPMENT
Singapore to Allocate US$173 Million Over Three Years to Strengthen Fintech Innovation
WHY IT MATTERS
The investment will expand the talent pipeline for AI‑driven financial services, helping Singapore stay at the forefront of fintech innovation and attract further industry investment.
What happened
Singapore announced a S$220 million (US$173 million) investment under its latest Financial Sector Technology and Innovation Scheme (FSTI). The funding will co‑fund at least 1,000 internships aimed at developing talent for artificial intelligence and other emerging technologies.
The move is part of a broader effort to accelerate technology adoption and innovation across the country’s financial sector, which currently hosts more than 1,800 fintech firms.
By expanding training opportunities and supporting new projects, Singapore seeks to deepen its fintech ecosystem and maintain its competitive edge in the region.
PRIMARY SOURCES
Singapore to invest US$173m over 3 years to boost fintech innovation
South China Morning Post · Jean Iau · Discovery only; publisher copyright and subscription terms apply