Singapore – Singapore’s financial regulator has pledged S$220 million over the next three years to strengthen the city-state’s FinTech ecosystem. The Monetary Authority of Singapore (MAS) unveiled the funding on 31 August 2026 under the renewed Financial Sector Technology and Innovation Scheme, known as FSTI 4.0.
The announcement builds on a sector that has already established itself as a regional powerhouse. Singapore is now home to more than 1,800 FinTech firms, which together employ close to 10,000 professionals spanning technology, data, artificial intelligence, compliance, cybersecurity, and business functions.
Investment activity has kept pace with this growth. FinTech funding in Singapore reached S$2.9 billion in 2025, underscoring continued investor confidence in the sector despite global economic headwinds.
FSTI 4.0 has been structured around four core objectives. These are anchoring and scaling innovation activities within Singapore, accelerating the development and deployment of financial technologies with an emphasis on frontier innovations, building technology infrastructure to support new solutions, and driving talent development and attraction across the ecosystem.
Taken together, these goals point to MAS’s broader ambition of positioning Singapore’s financial sector as innovative, resilient and globally competitive. To achieve this, the scheme will be rolled out through six distinct tracks covering institutional innovation, AI adoption, infrastructure development, and talent cultivation.
The Manpower track will focus on nurturing young talent for the FinTech ecosystem by co-funding internship stipends. A new FinTech Internship Portal, fintechinternships.sg, will be managed by the Singapore FinTech Association and will connect FinTech firms with students from Institutes of Higher Learning across business, technology, and other disciplines.
Through this initiative, MAS aims to support at least 1,000 FinTech internship opportunities over the coming three years. Meanwhile, the Institution Project track will assist Singapore-based financial institutions and FinTech firms in developing and deploying innovative solutions, with particular attention paid to frontier technologies such as AI, Distributed Ledger Technology, and Quantum Technology.
Complementing this, the AI Pathfinder track will support the scaling and adoption of market-ready AI FinTech solutions listed on PathFin.ai. This track will enable financial institutions to deploy such solutions while fostering closer collaboration with AI solution providers.
Beyond individual institutions, the Infrastructure & Platform track will support industry-wide systems designed to improve sector efficiency, productivity and innovation. Building on previous investments, this track is intended to strengthen Singapore’s role in shaping global financial standards and interoperability frameworks.
The Centre of Excellence track, meanwhile, will aim to anchor the innovative functions of leading global financial institutions and FinTech firms within Singapore. In doing so, it will bring together specialised talent and expertise while supporting the growth of emerging technologies such as AI, quantum computing and digital assets.
Rounding out the scheme, the MAS FinTech Awards track will continue to elevate Singapore’s global standing as a FinTech hub through the Singapore FinTech Festival’s FinTech Excellence Awards and the Global FinTech Hackcelerator.
As a new addition, MAS will introduce the GFH Scale-up Grant, which will help eligible finalists further develop and validate their solutions after the competition concludes.
This grant is expected to assist finalists in attracting private investment, scaling their businesses and strengthening their presence in Singapore. Overall, FSTI 4.0 has been designed to support FinTech firms at every stage of growth, from early-stage solution development through to regional and global expansion.
