MAS extends Financial Sector Technology and Innovation Scheme until 16 July 2026

27 March 2026

The Monetary Authority of Singapore (“MAS”) has extended the Financial Sector Technology and Innovation Scheme (“FSTI”) until 16 July 2026. The scheme was previously set to end in March 2026.

The FSTI provides support for the creation of a vibrant ecosystem for innovation. It comprises the following tracks:

  • Centre of Excellence: The Centre of Excellence track seeks to attract financial institutions (“FIs”), corporate venture capital entities, and global technology companies to set up centres of excellence in Singapore to test-bed innovative ideas and roll out market solutions.
  • Industry-wide Projects: The Industry-wide Projects track seeks to build industry-wide technological/utility infrastructure and improve efficiency and boost productivity in the financial services sector. 
  • Innovation Acceleration: The Innovation Acceleration track provides funding support for the experimentation, development, and dissemination of nascent innovative technologies in the financial services sector.
  • Artificial Intelligence and Data Analytics: The Artificial Intelligence and Data Analytics (“AIDA”) track is catered for projects that are focused on AIDA adoption with the objective of improving decision making and/or generating better insights.
  • ESG FinTech: The ESG FinTech track was launched to spur the financial sector’s adoption of ESG technology solutions that empower FIs in addressing their key ESG data and infrastructure challenges, supporting their mobilising of capital towards sustainable activities, and tracking of their net-zero transition plans and programmes.
  • Regulatory Technology: The Regulatory Technology track seeks to support FIs based in Singapore to enhance the efficiency of their risk management and compliance functions through the use of technological solutions.
  • Quantum Technology: The Quantum track supports innovation in quantum and AI in Singapore by (i) supporting the establishment of quantum computing and security innovation functions; (ii) catalysing meaningful institutional use cases and supporting strategic endeavours to solve industry-wide problem statements; (iii) enabling the experimentation and
    development of quantum-related pilots to enhance cyber security readiness; and (iv) encouraging a quantum-curious culture within FIs and supporting the development of quantum capabilities.

Reference materials

Information on the FSTI is available on the MAS website www.mas.gov.sg.