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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.


technology, singapore, cybersecurity, innovation, digitalisation, digital economy, smart nation, fintech, emerging technologies