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167 Singapore fintechs, financial institutions tap government digitalisation support

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The Monetary Authority of Singapore (MAS), which announced the package in April, has set aside almost three quarters of the funds, or S$90 million, for supporting workforce training and manpower costs; the remaining S$35 million will go towards strengthening digitalisation and operational efforts.

Singapore

SOME 167 fintech firms and financial institutions have signed up for digitalisation grants, two months after the government rolled out a S$125 million support package for the industry.

Close to 4,700 industry professionals are also taking advantage of training subsidies...

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