Enabling Financial Institutions to Build Long-Term Capabilities
The package comprises of an enhanced support for workforce training and manpower costs to encourage financial institutions and FinTech firms to make use of the downtime in business activity to train and deepen the capabilities of their employees.
|Double Monthly Salary Grant under the Finance Associate Management Scheme (FAMS)|
- Institution Project
- Industry Pilot
This track supports 80% of qualifying expenses for the adoption of digital solutions by smaller financial institutions and FinTech firms, up to a cap of S$120,000 per entity, over the duration of the scheme.
This track supports collaborations among at least 3 smaller financial institutions to customise digital solutions for implementation within their institutions, by co-funding 80% of qualifying expenses, capped at S$100,000 per participating financial institution per project.