The Monetary Authority of Singapore (MAS) today 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 and accelerate innovation and technology adoption across the financial sector. FSTI 4.0 builds on a strong foundation of Singapore’s FinTech sector, which is now home to more than 1,800 FinTech firms, employing close to 10,000 professionals across technology, data, artificial intelligence (AI), compliance, cybersecurity and business roles. FinTech investments in Singapore hit S$2.9 billion in 2025.
2 FSTI 4.0 is designed around four goals:
i. Anchor and scale innovation activities in Singapore;
ii. Accelerate the development, adoption, and deployment of financial technologies, with a focus on frontier technologies;
iii. Develop technology infrastructure to position the financial sector to innovate and adopt new technology solutions; and
iv. Support talent development and attraction for Singapore’s FinTech ecosystem.
Together, these four goals reflect MAS' commitment to building a financial sector that is innovative, resilient and globally competitive.
3 FSTI 4.0 will be implemented through six tracks spanning institutional innovation, AI adoption, infrastructure and platforms and talent development. These include:
- Manpower track: 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 (SFA), 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 track: 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 track: The AI Pathfinder track supports the scaling and adoption of market-ready AI FinTech solutions listed on PathFin.ai
[1] . It enables FIs to deploy these solutions to foster greater collaboration between these FIs and AI solution providers. - The Infrastructure & Platform track supports industry-wide infrastructure and platforms that improve sector efficiency, productivity and innovation across financial sector. Building on the success of past investments, the track aims to strengthen Singapore’s role in shaping global financial standards and interoperability frameworks.
- 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.
- 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.
4 FSTI 4.0 will support FinTech firms at every stage of growth, from developing new solutions to scaling regionally and globally. Through investments in infrastructure, frontier technologies and local talent, the scheme will strengthen Singapore's position as a vibrant and competitive FinTech hub.
5 Further details on FSTI 4.0 can be found at https://www.mas.gov.sg/schemes-and-initiatives/fsti-scheme.
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[1] PathFin.ai is a MAS-led initiative to support AI adoption in the financial sector through knowledge sharing and ecosystem collaboration. PathFin.ai brings together FIs, AI FinTechs and ecosystem partners to help the sector identify relevant AI use cases, learn from peer implementation experiences, discover AI solutions and access resources that support more effective and responsible AI adoption.
