Eligible Singapore-based FinTech firms can receive up to S$40,000 for their first Proof of Concept (POC) with financial institutions on the API Exchange (APIX) ^[2] platform, and S$10,000 for each subsequent POC, subject to a total cap of $80,000 per firm for the entire duration of the grant. The BGG enables these companies to continue to innovate in partnership with financial institutions and create opportunities for growth. The BGG is jointly supported by AMTD and MAS.

The MAS Financial Sector Technology and Innovation (FSTI) Digital Acceleration Grant (DAG) scheme supports Singapore-based smaller financial institutions and FinTech firms adopt digital solutions to improve productivity, strengthen operational resilience, manage risks better, and serve customers better.

The Singapore FinTech ecosystem is developing faster and faster each year, with more and more companies and incumbents seeking new opportunities to collaborate, connect and co-create. Leading this ecosystem development is the Singapore FinTech Association (SFA) alongside our members.

Singapore FinTech Association (SFA) will always remain committed to driving the sustainable growth of the fintech sector and build an effective platform for members to engage with multiple stakeholders by facilitating collaboration.