Looking to scale your fintech innovation in Singapore? The Monetary Authority of Singapore (MAS) has offers the Financial Sector Technology and Innovation Scheme (FSTI 3.0) to co-fund cutting-edge projects in AI, ESG, quantum tech, and more. Here’s what fintechs and financial institutions need to know to tap into this opportunity.

What Is FSTI 3.0?

The Financial Sector Technology and Innovation Scheme (FSTI 3.0) is a strategic initiative by MAS to accelerate the adoption of advanced technologies in Singapore’s financial sector. With a budget of S$150 million, FSTI 3.0 supports innovation across five key tracks, helping fintechs align with regulatory standards while driving measurable outcomes.

Key Grant Tracks Under FSTI 3.0

Innovation Acceleration Track

Focus: Web 3.0, digital assets, and emerging technologies
Support: Open calls for real-world use cases
Goal: Encourage industry collaboration and commercialization of fintech solutions

Artificial Intelligence and Data Analytics (AIDA) Track

Focus: AI adoption for fraud detection, risk management, and operational efficiency
Funding: Up to 50% of qualifying costs
Highlights: Establishment of AI innovation centers, Development of high-impact AI models , Secure, privacy-preserving data exchange, Workforce upskilling in AI and data science.

Quantum Technology Track

Focus: Quantum computing and cybersecurity innovation
Support: Quantum technology centers , Institutional use cases , Pilots using post-quantum cryptography and quantum key distribution.
Funding: Up to 50% co-funding for eligible expenses

ESG FinTech Track

Focus: Environmental, Social, and Governance (ESG) data and analytics
Funding: Up to 50% of qualifying costs, capped at S$500,000
Goal: Promote responsible innovation and transparency in sustainable finance

Enhanced Centre of Excellence (CoE) Track

Focus: Corporate Venture Capital (CVC) support for fintech startups
Funding: Up to 50% of project costs, capped at S$2 million
Goal: Strengthen the fintech ecosystem through mentorship and sustainable business models

Why This Matters for Fintechs in Singapore

Singapore is positioning itself as a global fintech and innovation hub, and FSTI 3.0 is a powerful tool to:

Accelerate product development

De-risk innovation through co-funding

Align with national priorities in AI, ESG, and quantum tech

Build credibility with regulators and investors

Need Help Navigating FSTI 3.0?

At FI Group Singapore, we specialize in helping fintech companies:

Identify the right grant track

Prepare compelling applications

Maximize funding and tax incentives

📩 Contact us today for tailored support and expert guidance.

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