The Monetary Authority of Singapore (MAS) has committed S$220 million over three years to the renewed Financial Sector Technology and Innovation Scheme, known as FSTI 4.0, to strengthen Singapore’s fintech ecosystem and global competitiveness.
The funding is not a direct payout to Singapore’s more than 1,800 fintech firms. It is a program envelope covering six tracks: the Institution Project track for Singapore-based financial institutions and fintech companies; the AI Pathfinder track to help banks deploy market-ready AI products listed on PathFin.ai; the Infrastructure and Platform track for shared systems; the Centre of Excellence track for specialist functions in AI, quantum computing and digital assets; the Manpower track for internship stipends; and the continuation of the MAS FinTech Awards and Global FinTech Hackcelerator, including a new GFH Scale-up Grant.
Compared with FSTI 3.0, which provided up to S$150 million from 2023 to 2026, the new envelope is S$70 million larger, a nominal increase of about 46.7%. MAS has not yet published track-by-track allocations, application dates, co-funding percentages, project caps or assessment criteria.
The Manpower track is the only one with a published delivery target: at least 1,000 internship opportunities over three years for students from Singapore’s Institutes of Higher Learning. MAS said Singapore’s fintech sector employs close to 10,000 professionals, making the internship target roughly one opportunity for every ten existing sector workers over the program’s life.
MAS said the wider FSTI program has supported more than 350 fintech projects and over 30 centres of excellence since 2015. It also said Global FinTech Hackcelerator finalists have raised more than S$3.8 billion, an outcome associated with participating companies rather than money distributed by MAS.
Digital assets are included within the Centre of Excellence track rather than receiving a standalone fund. MAS framed FSTI funding as support for regulated infrastructure, not regulatory approval, and recent actions underline that stance: MAS added Hyperliquid to its Investor Alert List after a similar entry for Bybit, while licensed providers such as BitGo have expanded regulated Singapore operations.
Singapore attracted S$2.9 billion in fintech investment in 2025. The S$220 million public envelope is meaningful alongside that figure, but the two measures are different: one is a three-year government program and the other is one year of private investment across the sector.
