Singapore allocates S$220m over three years to boost fintech innovation under FSTI 4.0
SINGAPORE, Aug 31 — The Monetary Authority of Singapore (MAS) today announced a S$220 million (RM696 million) comm...
On August 31, the Monetary Authority of Singapore (MAS) announced a S$220 million (RM696 million) investment plan over three years to bolster Singapore's financial technology (fintech) sector. This commitment, part of the renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0), aims to drive innovation and technology adoption within the financial industry.
FSTI 4.0 will be implemented through six focused tracks, including institutional innovation, AI adoption, infrastructure and platforms, and talent development.
MAS highlighted that Singapore's fintech ecosystem now comprises over 1,800 firms employing approximately 10,000 professionals across various roles, such as technology, data analysis, artificial intelligence, compliance, cybersecurity, and business management. The financial sector's fintech investments in Singapore reached S$2.9 billion in 2025.
By supporting fintech firms throughout their growth stages, from developing novel solutions to expanding regionally and globally, FSTI 4.0 seeks to reinforce Singapore's standing as a dynamic and competitive fintech hub.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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