Singapore Central Bank Promises Usd 150 Million To Support New Fintech Projects


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Over the next three years, Singapore’s central bank will invest up to USD 150 million in startups creating cutting-edge financial technologies.

The Financial Sector Technology and Innovation Scheme, a program to promote Singapore as a financial hub, is responsible for awarding the funding. The Singapore Financial Data Exchange, a cross-border payment linkage with Thailand, and initiatives to promote ethical AI and sustainable finance are just a few examples of cutting-edge projects that have been developed as a result of previous iterations of the program.

The new funds will be distributed along three tracks, including up to USD 2 million for corporate venture capital organizations that support the development of workable business models in fintech startups.

Read More: Singapore central bank pledges $150 million to support new fintech projects

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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