AMTD, SFA to prop up country's fintech firms

SFA will be a permanent member of AMTD's SpiderNet network.

AMTD Group and the Singapore FinTech Association have agreed to support the country’s fintech sector and contribute to Singapore’s vision as a smart nation, according to an announcement.

SFA will become a permanent member of AMTD’s SpiderNet ecosystem.

The partnership builds on AMTD’s collaboration with SFA in their solidarity grant with the Monetary Authority of Singapore (MAS) in which SFA acts as the fund administrator. The scheme has received over 250 applications so far, whereby the Business Growth Grant (BGG) is aiming to offset fintech firms’ proof-of-concept costs and it is still open for application.

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