Monetary Authority of Singapore

Supports Singapore financial sector innovation, fintech regulation, payments, and sustainable finance development.

The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator, established under the MAS Act. It uses grant funding to promote Singapore as a financial centre and to build capability across fintech innovation, sustainable finance, and capital-market development.

Its funding sits mainly under two umbrellas, FSTI 3.0 and the Financial Sector Development Fund. The record names programs such as Innovation Acceleration, AIDA, ESG FinTech, RegTech, Quantum Track, Sustainable Bond, Sustainable Loan, Global-Asia Digital Bond, and GEMS, with caps that run from SGD 100,000 for RegTech to SGD 2 million for GEMS. Most schemes use co-funding on qualifying expenses, and the Quantum Track adds an earmark of SGD 100 million for quantum and AI-related capability.

Eligible applicants include financial institutions, industry bodies, consortiums, solution providers, corporates, and in some schemes institutions with a Singapore-based project or presence. MAS funds practical deployment, market infrastructure, and adoption work, so strong applications tie clearly to a live use case, a Singapore footprint, and a defined co-funding budget.