Singapore’s MAS will Invest up to $111 million in the Fintech Innovation Scheme!

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The Monetary Authority of Singapore (MAS) will invest up to S$150 million ($111 million) in its Financial Sector Technology and Innovation Scheme (FSTI 3.0) to support projects in the field of cutting-edge technologies or solutions developed for the region. FSTI 3.0 will include three new tracks, including enhanced mentoring for start-ups, a focus on environmentally, socially, and governance-focused fintech, and innovation driven by emerging technologies. The program has already driven the adoption of technology and innovation in Singapore’s financial sector, and the latest initiative will focus on stimulating collaboration with industry to achieve further advances.