- MAS at the forefront of Singapore’s rapidly growing financial industry, creating new policies and initiatives that address the ever-changing landscape
- Announced a new RegTech grant scheme and an enhancement of the DAG scheme to accelerate technology adoption in the financial sector
- MAS commit $42 million for the RegTech grant scheme and enhanced DAG scheme
- The RegTech grant scheme available to Singapore-based financial institutions (FIs), aims to promote the adoption and integration of technology solutions
- Through the production level project track, FIs seek funding to develop larger-scale customised projects
- Both tracks used to support either in-house development or commercial partnerships with RegTech firms based in Singapore
MAS: Commits $42m to spur adoption of technology solutions
