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Singapore to invest US$173m over 3 years to boost fintech innovation

Singapore to invest US$173m over 3 years to boost fintech innovation
South China Morning Post Monday 31 August 2026, 10:03 UTC By Jean Iau 1 min read
Key Points

Singapore to invest US$173m over 3 years to boost fintech innovation The money will help co-fund at least 1,000 internships under the Financial Sector Technology and Innovation Scheme to build young talent The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The latest edition of the scheme, known as FSTI 4.0,...

Singapore to invest US$173m over 3 years to boost fintech innovation The money will help co-fund at least 1,000 internships under the Financial Sector Technology and Innovation Scheme to build young talent The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The latest edition of the scheme, known as FSTI 4.0, includes a manpower track that will support firms in building young talent by co-funding an internship stipend. This will be facilitated through a new internship portal managed by the Singapore FinTech Association to connect students with internships across business, technology and other roles. MAS said it aimed to support at least 1,000 fintech internship opportunities over the next three years.
Singapore (LOCATION) the Financial Sector Technology and (ORG) FSTI (ORG) the Singapore FinTech Association (ORG) MAS (ORG) fintech (ORG)
Originally published by South China Morning Post Read original →

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