Singapore plans to invest 173 million U.S. dollars over the next three years to support fintech and innovation.
1 hours ago
According to Bloomberg, Singapore has allocated SGD 220 million (approximately USD 173 million) over three years to fund fintech and innovation, aiming to maintain competitiveness against other investment hubs in the sector including Hong Kong. The Monetary Authority of Singapore (MAS) announced Monday that the new scheme is designed to support talent development and accelerate the development, adoption and deployment of fintech, with a focus on frontier technologies. Under the plan, MAS will support at least 1,000 internship positions and ensure the financial sector is prepared for frontier technologies such as artificial intelligence.
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