Financial Sector Technology and Innovation (FSTI) Scheme

Up to 50% co-funding (varies by track): Centre of Excellence, Industry Projects, Innovation Acceleration

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

Financial institutions, Corporate Venture Capital entities, global technology companies

Singapore-based entities and market/professional organisations

Projects must align with MAS developmental strategy and ITM 2025 targets

Must demonstrate innovation focus and potential for market rollout

Industry consortiums and non-FI solution providers eligible for specific tracks

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