Singapore commits $174 million to accelerate AI, emerging tech in finance
( August 31, 2026, 09:24 GMT | Official Statement) -- MLex Summary: Singapore’s financial regulator will commit S$220 million ($174 million) over three years to accelerate the adoption and deployment of artificial intelligence and other emerging technologies across the financial sector. Under the renewed Financial Sector Technology and Innovation Scheme announced Monday, the Monetary Authority of Singapore will support financial institutions and fintech firms developing and deploying AI, distributed ledger and quantum technologies, while a dedicated AI Pathfinder track will help institutions adopt market-ready AI solutions. The program will also fund industry infrastructure and platforms, innovation centers and talent development, as Singapore seeks to scale fintech innovation beyond pilot projects and strengthen adoption across the financial sector.Statement is attached....
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