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MAS will commit S$225 million to fintech scheme

The Monetary Authority of Singapore (MAS) will pump S$225 million over the next five years into to its Financial Sector Technology and Innovation (FSTI) scheme to help strengthen its fintech ecosystem, according to Ravi Menon, managing director at MAS. The purpose of the FSTI scheme will be to build innovation labs for financial institutions curating digital strategies and support institution-level…

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