Singapore's monetary authority commits $250 million to boost financial sector innovation and tech adoption

The Monetary Authority of Singapore (MAS) is stepping up its support for fintech here, by committing $250 million in the second edition of a scheme to speed up technology adoption and innovation-driven growth in the local financial sector.

The amount will be invested over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0).