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The Monetary Authority of Singapore (MAS) is committing S$220 million (US$173 million) over the next three years to strengthen the country’s fintech ecosystem and accelerate technology adoption across the financial sector.
The funding forms part of the renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0), which is designed to support innovation, strengthen digital infrastructure, develop talent and help financial institutions adopt emerging technologies.
Singapore has established itself as a major global fintech hub, with more than 1,800 fintech companies employing nearly 10,000 professionals across areas including technology, data, artificial intelligence, compliance, cybersecurity and business operations.
Fintech investment in the country reached S$2.9 billion in 2025, highlighting the growing role of technology in Singapore’s financial services industry.
Under FSTI 4.0, MAS has identified four broad objectives: scaling innovation, accelerating the development and adoption of financial technologies, strengthening infrastructure that enables technology adoption across the financial sector, and developing and attracting specialised talent.
Six tracks to drive financial technology adoption
The scheme will be implemented through six tracks targeting different areas of Singapore’s fintech ecosystem.
The Manpower Track will support fintech companies in developing a pipeline of young professionals by co-funding internship stipends. MAS aims to support at least 1,000 internship opportunities over the next three years.
A new FinTech Internship Portal, managed by the Singapore FinTech Association, will connect students with fintech companies for internship opportunities spanning business, technology and other professional functions.
The Institution Project Track will support Singapore-based financial institutions and fintech companies developing and deploying innovative solutions, with emphasis on emerging technologies such as artificial intelligence (AI), distributed ledger technology (DLT) and quantum technology.
MAS will also introduce an AI Pathfinder Track to accelerate the adoption and scaling of market-ready AI solutions within financial services. The initiative is expected to encourage greater collaboration between financial institutions and AI technology providers.
The Infrastructure and Platform Track will focus on industry-wide infrastructure and platforms capable of improving efficiency, productivity and innovation across the financial sector.
Meanwhile, the Centre of Excellence Track is designed to attract and anchor innovative functions of global financial institutions and fintech companies in Singapore.
The initiative will bring together specialised talent and expertise while supporting the development of emerging technology areas, including AI, quantum computing and digital assets.
The sixth component, the MAS FinTech Awards Track, will focus on strengthening Singapore’s global position as a fintech hub through initiatives linked to the Singapore FinTech Festival, fintech awards and a hackcelerator programme.
Building a future-ready financial ecosystem
The renewed scheme reflects Singapore’s broader strategy of ensuring that its financial sector remains competitive as technology reshapes financial services.
By combining funding for innovation with investments in infrastructure, emerging technologies and human capital, FSTI 4.0 is intended to support both fintech companies and established financial institutions as they develop and deploy new digital solutions.
The focus on AI, DLT, quantum technology and digital assets also highlights the growing importance of emerging technologies in areas such as financial services, compliance, cybersecurity, payments and risk management.
For fintech businesses, the programme provides opportunities to access funding, infrastructure and specialised talent, while financial institutions can benefit from support for technology projects and collaboration with emerging technology providers.
MAS’s latest commitment therefore positions technology investment not only as a driver of fintech growth but also as a strategic component of maintaining the resilience, efficiency and competitiveness of Singapore’s financial sector.
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