Singapore to invest US$173m over 3 years to boost fintech innovation

Singapore will commit S$220 million (US$173 million) over three years to boost its fintech sector, including co-funding at least 1,000 internships in a strong push to build talent for AI and other emerging technologies. The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The industry currently has more than 1,800...