MAS Committed S$220M Over Three Years to Fintech Under FSTI 4.0, Up 46.7% From the Prior Scheme
Finextra·low signal
The Monetary Authority of Singapore will spend S$220 million (about US$173 million) over the next three years through the Financial Sector Technology and Innovation Scheme 4.0. That is 46.7% above the S$150 million allocated under FSTI 3.0 covering 2023 through 2026. The increase lands the same week MAS opened its stablecoin legislation consultation, and reads as a direct move in the Singapore/Hong Kong fintech rivalry.