Singapore's NRF, MAS to set up Fintech Office to handhold startups

Singapore's NRF, MAS to set up Fintech Office to handhold startups

Dusk view of Singapore's downtown. Credit:Flickr/Jerry van Krasten

Singapore’s Finance Minister Heng Swee Keat has launched SG-Innovate, a pro-innovation programme in line with initiatives announced at the country’s Budget 2016 session last week.

SG-Innovate includes a FinTech Office, a virtual office for small companies in the fintech space, that will officially start this May 3. The office is said to be jointly established by the Monetary Authority of Singapore (MAS) and the National Research Foundation.

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