Singapore commits S$220M to fintech amid private funding slowdown

Singapore announced on Monday, August 31, 2026, a commitment of S$220 million (approximately US$173 million) over the next three years to bolster its financial technology sector. The funding, unveiled by the Monetary Authority of Singapore (MAS), is designed to accelerate innovation, boost technology adoption, and develop a talent pipeline for the industry. The investment falls under the fourth iteration of the Financial Sector Technology and Innovation scheme, known as FSTI 4.0.