SINGAPORE, Aug. 7 (Xinhua) -- Monetary Authority of Singapore (MAS) on Monday announced that it will commit up to 150 million Singapore dollars (about 112.5 million U.S. dollars) over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0).
FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with a regional nexus, while doubling down on MAS' commitment to promote a vibrant technology ecosystem for the financial sector.
