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167 Singapore fintechs, financial institutions tap government digitalisation support

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.


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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