Set Up Centre of Excellence
Up to 50% support to set-up centres of excellence or Corporate Venture Capital entities (CVC) in Singapore to nurture a culture of innovation in Singapore’s financial services sector.
Do Industry-wide Projects
Up to 50% support on thematic industry-wide or nation-wide utility projects, for wider adoption of technological / utility infrastructure which would improve market efficiency, boost productivity, and strengthen risk management capabilities in the financial services sector.
Up to $400K to conduct experiment with novel technology and solutions to improve efficiency or productivity of the financial services sector.
Adopt AI / Data Analytics Technology
Up to 30% support for projects that demonstrate adoption of AI & DA techniques that achieve business objectives of strategy & decision making or insights generation with consideration of workforce impact, as well as applied research projects in AI and DA for Singapore and the Singapore financial sector.
Adopt ESG Technology Solutions
New Technology Sector:
70% Co-funding of eligible expenses; Up to $1M.
High Growth Sector:
20% Co-funding of eligible expenses; Up to $500K.
20% Co-funding of eligible expenses; Up to $200K.
Financial Sector Technology and Innovation Scheme (FSTI 3.0)
FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with a regional nexus, while doubling down on MAS’ commitment to promote a vibrant technology ecosystem for the financial sector. Read .