Artificial Intelligence and Data Analytics (AIDA) Grant

• Applicant must be a Singapore-based Financial Institution, FinTech (SFA-registered), or Industry Consortium.
• Project must adopt AIDA techniques to generate richer insights and/or better quality decisions.
• FinTech projects should integrate AIDA into or develop AIDA products/services.
• Proposal must include workforce impact analysis plus plans for up-skilling, re-skilling, redeployment, and (if foreign hires are used) knowledge transfer to local workforce.

• Improved decision-making quality and richer insights within financial services.
• Responsible AIDA deployment focused on risk management and reduced drawdowns.
• Workforce up-skilling/re-skilling and knowledge transfer to local employees.
• Achievement of agreed project and workforce KPIs with evidence of training.

Support Rate → 30%

Qualifying Expenditure Details

Direct manpower and project-related costs, including professional services, hardware/software, equipment and IP rights, capability transfer–related training, and external auditor costs; overseas expenses may be supported.

• Business intelligence (predictive analytics, anomaly detection, forecasting).
• Regulatory/reporting compliance and data governance/automation.
• Cybersecurity intrusion detection and system health monitoring.
• Fraud detection across large datasets.
• Banking KYC/customer profiling; insurance smart underwriting and claims automation.