MAS Commits S$220 Million to Singapore Fintech Development
Singapore’s central bank, the Monetary Authority of Singapore (MAS), will inject S$220 million over three years into its financial technology sector. This funding, via the FSTI 4.0 scheme, aims to boost innovation and talent.
S$220 Million for Fintech Innovation
Singapore's Monetary Authority (MAS) will invest S$220 million over three years into its financial technology sector. This funding, channelled through the fourth Financial Sector Technology and Innovation Scheme (FSTI 4.0), targets fintech innovation and technology adoption.
The programme aims to anchor innovation activities within Singapore, encourage frontier technology use, and develop shared infrastructure. It also seeks to cultivate talent for the industry.
Targeting Talent and Advanced Technologies
FSTI 4.0 organises its support across six distinct tracks. These include institutional projects, manpower development, artificial intelligence (AI) adoption, infrastructure, centres of excellence, and industry awards. MAS will co-fund internship stipends, aiming to support at least 1,000 opportunities over the next three years.
A new portal, managed by the Singapore Fintech Association, will connect companies with students from Institutes of Higher Learning.
Infrastructure and Global Hub Focus
The scheme's institutional project track supports financial institutions and fintech firms developing and deploying AI, distributed ledger technology (DLT), and quantum technology. Financial institutions will also receive assistance to adopt market-ready AI products listed on PathFin.ai, an MAS-led platform.
Another track funds shared infrastructure to improve efficiency, productivity, and interoperability across the sector. The Centre of Excellence track encourages global companies to establish research, product development, and regional leadership functions in Singapore. These will focus on AI, quantum computing, and digital assets.
Sustained Commitment to Sector Growth
MAS also continues its support for the Singapore Fintech Festival’s Fintech Excellence Awards and Global Fintech Hackcelerator. A new scale-up grant will assist eligible Hackcelerator finalists in developing and validating their products post-competition. Since its 2015 launch, the FSTI scheme has supported over 350 projects and established more than 30 centres of excellence.
Hackcelerator finalists collectively raised S$3.8 billion. Singapore hosts over 1,800 fintech firms, employing nearly 10,000 people. Sector investment reached S$2.9 billion in 2025. This sustained commitment reinforces Singapore's position as a regional fintech hub, drawing further talent and capital.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
Comments.
Comments are moderated. We remove what is unlawful, abusive or off-topic, and and you remain responsible for what you post.
Reader comments open soon. Until then, corrections and responses go to our newsroom, and we publish what we get wrong on Corrections.