Singapore Considers Extending Fintech Funding Beyond 2020

November 11, 2019 | FinTech

Written by FinTech Alliance

Singapore Considers Extending Fintech Funding Beyond 2020

The central bank cites the success of the current five-year funding round 

In Brief:

  • The Monetary Authority of Singapore will probably announce new funding plans next year with a possible focus on cyber security and artificial intelligence.
  • So far the $165 million programme has sparked innovation, attracted new companies and created jobs.
  • There are more than 600 FinTech startups in Singapore, up from about 50 in 2015

What this means

In a short time Singapore has become a global financial centre for technology to boost competitiveness and innovation. In the first nine months of this year investors ploughed a record $735 million into the island’s fintech sector.

Read more here
 

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