đ Singapore's MAS commits $112M to fuel FinTech innovation! đ
MAS has unveiled FSTI 3.0, a 3-year plan to accelerate and strengthen FinTech ideas using cutting-edge technologies like Web 3.0. Here's what you need to know:
đ Enhanced Centre of Excellence track: Expands grant funding to include corporate venture capital entities, empowering them to mentor and support FinTech start-ups.
đ Innovation Acceleration track: Encourages industry collaboration for innovative FinTech solutions through open calls.
đ ESG FinTech track: Supports projects addressing ESG data, reporting, and analytics needs, making the financial sector more sustainable.
MAS also focuses on advanced capabilities like AI, Data Analytics, and RegTech, promoting adoption in smaller financial firms and helping less digitally mature firms acquire RegTech solutions.
đ€ What do you think about Singapore's push for FinTech innovation? Share your thoughts in the comments! đ
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