Given that Singapore is one of the world’s top four financial centres, it makes sense that they are also blazing the trail when it comes to fintech.
In 2015, the government showed how serious they were about establishing Singapore as a “smart financial centre” when the Monetary Authority of Singapore set aside S$225 million for the development of fintech via the Financial Sector Technology and Innovation (FSTI) scheme. Since then, they have launched initiatives such as Project Greenprint, Projects Guardian, and Dunbar.
Despite the global slowdown in fintech funding, investors in Singapore have gone the opposite direction, extending her global market share in deal value for fintech by more than double in 2022 compared to 2021, according to KPMG.
As Singapore’s fintech landscape continues to grow from strength to strength, we’ll keep updating this page with the latest fintech news, reports, and resources.