- Commits S$250 Million to Accelerate Innovation and Technology Adoption in Financial Sector
- FSTI 2.0 also aims to strengthen support for large-scale innovation projects
- MAS will double the maximum funding quantum, from S$200,000 to S$400,000, under the Proof-of-Concept (POC) Grant
- The higher funding support will enable financial institutions and FinTech firms to undertake larger-scale POC projects to experiment
- MAS will raise the maximum funding quantum for all qualifying AI projects under the Artificial Intelligence
- MAS will co-fund existing innovation labs for new Singaporean hires to encourage the expansion of existing labs
