Singapore is planning to invest S$220 million, which is around US$173 million, into fintech over the next three years.
This decision was announced by the Monetary Authority of Singapore (MAS). It comes under the Financial Sector Technology and Innovation Scheme or the FSTI 4.0. The new commitment is 46.7% higher than the S$150 million allocated in the FSTI 3.0 scheme, which ran from 2023 through 2026.
The programme will help financial institutions and fintech companies develop new technologies. It will also support companies that are ready to bring these technologies into wider use.
Artificial intelligence is one of the areas receiving attention. MAS is introducing an AI Pathfinder track to help financial institutions adopt AI tools that are already available.
Singapore is also looking to develop more talent for the sector. The programme is expected to create at least 1,000 fintech internship opportunities over the next three years.
A new portal will connect students with fintech companies. This will give students an opportunity to gain experience while helping companies find young talent.
Singapore has more than 1,800 fintech companies and around 10,000 people working in the sector. Investment in the sector also reached almost S$3 billion in 2025.
The latest funding comes as competition between financial centres continues to grow, with Singapore seeking to remain attractive to companies and investors.
Deputy Prime Minister Gan Kim Yong, chair of MAS, said the renewed programme will help Singapore’s financial institutions and fintech firms make use of opportunities in AI and other frontier technologies.
The new fintech programme will run for three years. It is expected to give the country’s sector further support as new technologies become part of everyday financial services.
