The MAS Financial Sector Technology and Innovation (FSTI) Digital Acceleration Grant (DAG) scheme supports Singapore-based smaller financial institutions and FinTech firms adopt digital solutions to improve productivity, strengthen operational resilience, manage risks better, and serve customers better.
- Funding Amount. 80% co-funding for qualifying expenses. Applications must be submitted by 31 December 2021
- Funding Duration.
- Institution Project: Minimum 6 months, maximum 1 year
- Industry Pilot: Minimum 1 year, maximum 2 years
- Who is Eligible. Singapore-based financial institutions and FinTech firms with not more than 200 employees
Source: Monetary Authority of Singapore