Singapore’s MAS earmarks additional $182m to boost fintech innovation

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. REUTERS/Edgar Su/Files

The Monetary Authority of Singapore (MAS) is enhancing its financial technology scheme with a S$250 million ($182 million) additional commitment to boost the sector’s growth and further develop local fintech talent.

MAS will commit the amount over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0), which will beef up support for large-scale innovation projects, according to managing director Ravi Menon.

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