{
  "id": 4607098,
  "title": "MAS to invest S$220 million in fintech innovation, targets frontier tech and talent",
  "url": "https://urgent.news/2026/08/31/mas-to-invest-s-220-million-in-fintech-innovation-targets-frontier",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T08:30:00.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/mas-invest-s220-million-fintech-innovation-targets-frontier-tech-and-talent"
  },
  "original_language": "en",
  "account": "Singapore's Monetary Authority of Singapore (MAS) plans to invest S$220 million over three years to fuel fintech innovation through the fourth tranche of the Financial Sector Technology and Innovation (FSTI) scheme, according to a report on August 31. The scheme will focus on six areas: institutional innovation, artificial intelligence adoption, infrastructure and platforms, talent development, and a new manpower track. Deputy Prime Minister Gan Kim Yong, who serves as Minister for Trade and Industry and chairman of MAS, emphasized the importance of investing in people to build a pipeline of talent in the rapidly evolving fintech industry. The manpower track will fund at least 1,000 fintech internships over the next three years, with MAS co-funding internship stipends and launching a dedicated internship portal.",
  "summary": "The funds will go towards the fourth tranche of FSTI scheme over three years",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}