MAS commits S$220 million to support next phase of FinTech innovation under FSTI 4.0

29 September 2026

On 31 August 2026, the Monetary Authority of Singapore (“MAS”) announced a S$220 million commitment over three years under the renewed Financial Sector Technology and Innovation Scheme (“FSTI 4.0”) to strengthen Singapore’s FinTech ecosystem, accelerate innovation and technology adoption across the financial sector.

FSTI 4.0 is designed around the following four goals:

  • Anchor and scale innovation activities in Singapore;
  • Accelerate the development, adoption, and deployment of financial technologies, with a focus on frontier technologies;
  • Develop technology infrastructure to position the financial sector to innovate and adopt new technology solutions; and
  • Support talent development and attraction for Singapore’s FinTech ecosystem.

FSTI 4.0 will be implemented through six tracks:

  • Manpower: The Manpower track supports FinTech firms in building a pipeline of young talent for Singapore’s FinTech ecosystem, by co-funding the internship stipend. A new FinTech INTERNship Portal, fintechinternships.sg, managed by the Singapore FinTech Association, will connect FinTech firms with students from institutes of higher learning for internships across business, technology, and other roles. MAS aims to support at least 1,000 FinTech internship opportunities over the next three years.
  • Institution Project: The Institution Project track supports Singapore-based financial institutions (“FIs”) and FinTech firms in developing and deploying innovative solutions, with a focus on frontier technologies such as AI, distributed ledger technology, and quantum technology.
  • AI Pathfinder: The AI Pathfinder track supports the scaling and adoption of market-ready AI FinTech solutions listed on PathFin.ai. It enables FIs to deploy these solutions to foster greater collaboration between these FIs and AI solution providers.
  • Infrastructure & Platform: The Infrastructure & Platform track supports industry-wide infrastructure and platforms that improve sector efficiency, productivity, and innovation across the financial sector. Building on the success of past investments, this track aims to strengthen Singapore’s role in shaping global financial standards and interoperability frameworks.
  • Centre of Excellence: The Centre of Excellence track aims to anchor innovative functions of leading global FIs and FinTech firms in Singapore, bringing together specialised talent and expertise, while supporting the growth of emerging technologies such as AI, quantum computing, and digital assets.
  • MAS FinTech Awards: The MAS FinTech Awards track continues to raise Singapore’s global profile as a FinTech hub through the Singapore FinTech Festival (SFF) FinTech Excellence Awards and the Global FinTech Hackcelerator (“GFH”). As a new enhancement, MAS will introduce the GFH Scale-up Grant to further develop and validate eligible finalists’ solutions after the competition, helping them attract private investment, scale their business, and strengthen their presence in Singapore.

Reference materials

The following materials are available on the MAS website www.mas.gov.sg:

More details on FSTI 4.0 are available on the MAS Financial Sector Technology and Innovation Scheme (FSTI 4.0) webpage.