Financial Sector Technology and Innovation (FSTI) Scheme
The Financial Sector Technology and Innovation Scheme (FSTI 3.0) provides support for creating a vibrant ecosystem for innovation in Singapore's financial sector. MAS has committed up to S$150 million for this scheme, which runs until March 2026. The scheme includes multiple tracks: Centre of Excellence (attracting FIs, CVCs and global tech companies), Industry-wide Projects (building technological infrastructure), Innovation Acceleration, AI & Data Analytics, ESG FinTech, RegTech, and Quantum Technology. FSTI 3.0 seeks to accelerate innovation by supporting projects involving cutting-edge technologies or with regional nexus.
Eligibility Criteria
- 01
Financial institutions, Corporate Venture Capital entities, global technology companies
- 02
Singapore-based entities and market/professional organisations
- 03
Projects must align with MAS developmental strategy and ITM 2025 targets
- 04
Must demonstrate innovation focus and potential for market rollout
- 05
Industry consortiums and non-FI solution providers eligible for specific tracks
How to Apply
1. Engage MAS FinTech Office to discuss project ideas (fintech_office@mas.gov.sg) 2. Submit applications 3 months before project commencement 3. Select appropriate track: Centre of Excellence, Industry-wide Projects, or specialized tracks 4. Demonstrate team composition, innovation focus, and alignment with MAS objectives 5. Applications assessed based on strategic value and technical merit
Claims and Disbursement
Co-funding provided based on approved project milestones. Funding covers manpower expenses (50% for Singapore Citizens, 25% for non-SCs), professional services, infrastructure, and equipment. Regular progress reporting required.
Frequently Asked Questions
Centre of Excellence, Industry-wide Projects, Innovation Acceleration, AI & Data Analytics, ESG FinTech, RegTech, and Quantum Technology
Up to S$150 million total commitment, with up to 50% co-funding depending on track and applicant type
Attracts FIs, CVCs and global tech companies to set up innovation centres in Singapore with funding for manpower and rental
Singapore-based FIs, market organizations, industry consortiums, and non-FI solution providers
FSTI 3.0 is valid until March 2026