The Monetary Authority of Singapore has committed SGD 220 million over three years to the renewed Financial Sector Technology and Innovation Scheme, known as FSTI 4.0. The scheme will support financial institutions and financial technology firms in developing and deploying new solutions, adopting market-ready artificial intelligence products, building shared infrastructure and platforms, and expanding specialized talent and innovation functions in Singapore. FSTI 4.0 comprises six tracks covering institutional projects, AI adoption, infrastructure, centers of excellence, workforce development and financial technology awards. It will prioritize frontier technologies including AI, distributed ledger technology, quantum technology and digital assets. The workforce track aims to co-fund at least 1,000 internships over three years, while a new grant will help eligible Global FinTech Hackcelerator finalists validate and scale their solutions after the competition.
2026-08-31Monetary Authority of Singapore
Monetary Authority of Singapore commits SGD 220 million to renewed three-year financial technology scheme
The Monetary Authority of Singapore has committed SGD 220 million over three years to FSTI 4.0, supporting technology development and adoption, shared infrastructure and financial technology talent. The six-track scheme prioritizes AI and other frontier technologies, targets at least 1,000 internships and adds a scale-up grant for eligible competition finalists.