FSTI 3.0 — Regulatory Technology (RegTech) Grant

FSTI RegTech Grant

Supports small Singapore financial firms strengthening compliance and risk systems through MAS assistance.

The FSTI RegTech Grant is an MAS-administered scheme under the FSTI 3.0 framework that helps small Singapore-based financial institutions upgrade their compliance and risk management capabilities through regulatory technology. The grant targets MAS-regulated FIs with fewer than 200 employees in Singapore, and covers recognised RegTech use cases including Know Your Customer and Client Due Diligence, transaction monitoring, detection of suspicious activities, regulatory reporting, general risk management, and case management. Solutions must be deployed and operated within Singapore.

MAS co-funds up to 30% of qualifying project expenses, capped at SGD 100,000, over a project period of up to 18 months from commencement. Non-Singapore citizen or permanent resident manpower is funded at a reduced rate of up to 15%. Eligible costs include Singapore-based manpower, professional services, hardware, software and data, and external auditor certification fees. Each eligible FI may receive only one RegTech grant during the FSTI 3.0 scheme period, making eligibility a firm constraint: organisations that have already received a RegTech grant under FSTI 3.0 cannot apply again.

Applications are submitted via a FormSG portal (form.gov.sg/6813213960bf3bb5e7df36e1), with the formal application form (89.8 KB DOCX) available on the MAS website. Submissions must be made at least three months before the proposed project start date. Competitive applicants will clearly specify which of the seven eligible use case categories their solution addresses, demonstrate that the RegTech solution is deployed and operated in Singapore, and confirm the organisation's Singapore headcount is below 200.