This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
viewpoints
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

Singapore's monetary authority commits $250 million to boost financial sector innovation and tech adoption

The Monetary Authority of Singapore (MAS) is stepping up its support for fintech here, by committing $250 million in the second edition of a scheme to speed up technology adoption and innovation-driven growth in the local financial sector.

The amount will be invested over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0). 

FSTI 2.0 aims to invigorate the culture of innovation in Singapore, catalyse the implementation of innovative solutions, and deepen the cybersecurity capabilities in the financial sector.

Tags

fintech, technology, singapore, cybersecurity, innovation, digitalisation, tech & data, digital economy, smart nation

Latest Insights