The Monetary Authority of Singapore (MAS) has introduced a renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). With an allocation of S$150 million over three years, the scheme aims to accelerate innovation by supporting projects that harness advanced technologies or with a regional nexus.
FSTI 3.0 introduces new tracks, including the 'Enhanced Centre of Excellence' track, which expands grant funding to corporate venture capital (CVC) entities, recognising their role in mentoring startups. The 'Innovation Acceleration' track emphasises the adoption of groundbreaking technologies like Web 3.0, with open calls for real-world applications and dedicated grant funding for trials and commercialisation. Additionally, the 'Environmental, Social and Governance (ESG) FinTech' track promotes ESG fintech solutions, catering to the sector's data, reporting and analytics needs.
The scheme also continues to support capabilities development in key areas such as Artificial Intelligence and Data Analytics (AIDA), and Regulation Technology (RegTech), especially for smaller financial entities and less digitally mature firms.
FSTI 3.0 underscores MAS’s goal of continued collaboration with the industry to advance purposeful financial innovation.
Speaker: Alvinder Singh, Deputy Director (Team Lead), FinTech & Innovation Group
📅 29 August 2023, Tuesday 🕑 3:30 pm - 5pm (SGT) (registration from 3:15 pm)
📍 80RR FinTech Hub SG, #08-01, 80 Robinson Road, Singapore 068898
To secure your spot, register here now!