Singapore is committing S$220 million (US$173 million) over three years to accelerate innovation within its fintech sector, signaling continued investment in the industry’s growth, Singapore FinTech Association says. The funding will co-fund at least 1,000 internships through the Financial Sector Technology and Innovation Scheme, building a pipeline of talent focused on areas like artificial intelligence.
This initiative follows a year where fintech investments reached S$2.9 billion, according to the Monetary Authority of Singapore. Deputy Prime Minister and MAS chairman Gan Kim Yong said this was particularly critical in the fintech industry given its new and rapidly evolving nature.
FSTI 4.0 Funds 1,000 Fintech Internships for AI Talent
The FSTI 4.0 scheme will co-fund a minimum of 1,000 internships designed to build a skilled workforce for the rapidly evolving fintech industry. A new internship portal, managed by the Singapore FinTech Association, will connect students with opportunities spanning technology, data science, and compliance roles.
This initiative responds to a growing fintech sector currently employing nearly 10,000 professionals across 1,800 firms, following S$2.9 billion in fintech investments recorded in 2025. The agency views this investment as crucial for maintaining Singapore’s position as a leading fintech hub and accelerating the adoption of new technologies within the financial sector.
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