MAS may extend $225m fintech funding programme beyond 2020

It eyes increased investments in cybersecurity and AI.

Bloomberg reports that the Monetary Authority of Singapore (MAS) may introduce new funding plans for its financial-technology initiatives following positive results from the five-year round ending in March, its top official revealed.

The $225m (US$165m) fintech funding program has spurred innovation, attracted new companies, and created jobs, said Managing Director Ravi Menon.

Also read: Singapore's fintech invasion has no end in sight

MAS is likely to extend further funding, with possible areas including cyber security and artificial intelligence, shared MAS managing director Ravi Menon in an interview with Bloomberg before the the island’s third annual fintech festival.

There are now more than 600 fintech startups in Singapore, up from about 50 in 2015, MAS data show. “We’ve been creating outside of the financial sector about 1,000 fintech jobs each year,” Menon shared.

Here’s more from Bloomberg.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia