The money will help co-fund at least 1,000 internships under the Financial Sector Technology and Innovation Scheme to build young talent
3-MIN READ3-MINJean IauPublished: 6:03pm, 31 Aug 2026Singapore 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 latest edition of the scheme, known as FSTI 4.0, includes a manpower track that will support firms in building young talent by co-funding an internship stipend. This will be facilitated through a new internship portal managed by the Singapore FinTech Association to connect students with internships across business, technology and other roles.
MAS said it aimed to support at least 1,000 fintech internship opportunities over the next three years.
