Sunday, October 20, 2024
20.9 C
New York

MAS: Commits S$250 Million

  • 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

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally

LendingClub Corporation, a California-based digital lending platform, has...

Toss Securities promotes Gyubin Kim to CEO

Gyubin Kim has been promoted to CEO of...

UK challenger Monese to be acquired by fellow fintech Pockit

Pockit, a UK fintech, is acquiring Monese, a...

ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more

Bitlayer (Singapore) secured $9 million in a Series...

Aleph acquires majority stake in Argentinian PSP Localpayment

Aleph Holding has acquired a controlling equity interest...

Related Articles

Popular Categories

spot_imgspot_img