Infrastructure & Platform at a glance
Agency
Monetary Authority of Singapore (MAS)
Programme
Financial Sector Technology and Innovation Scheme (FSTI 4.0)
Support type
Co-funding
Status
Open
Applicants
Financial institutions, industry associations and solution providers
Support
Up to 70%
Public cap
No fixed public per-project cap currently stated
Critical condition
Project should deliver shared or sector-wide financial-sector benefit
Local ownership
No local ownership requirement stated
What does the track support?
The track supports development of shared financial utilities, infrastructure and platforms that can improve the functioning of the wider financial ecosystem.
Relevant outcomes can include:
- sector efficiency and productivity;
- interoperability and standards;
- innovation infrastructure; and
- cross-border connectivity.
The defining feature is broader ecosystem value. A platform built only for one applicant's internal use is a weaker fit.
Who can apply?
The current applicant groups include:
- Singapore-based financial institutions;
- industry associations; and
- solution providers.
No local-shareholding requirement is stated.
No mandatory consortium structure is stated publicly, but the project must demonstrate shared or sector-wide impact, which in practice makes ecosystem participation and adoption important to the case.
How much support is available?
The Infrastructure & Platform track provides up to 70% funding support.
No fixed public per-project dollar cap is currently stated. Approved support is therefore project-specific and subject to MAS assessment.
What expenditure can qualify?
Support relates to costs associated with developing eligible shared financial utilities, infrastructure and platforms.
Detailed public cost categories are not stated in the current summary guidance, so companies should validate the project cost base against MAS requirements when preparing an application.
Key conditions
A strong project should demonstrate that it:
- creates a shared financial utility, infrastructure or platform;
- provides value beyond one company;
- improves sector efficiency, productivity, innovation or connectivity; and
- has a credible implementation and adoption case.
Is the Infrastructure & Platform track relevant to your project?
A strong fit is an industry platform, shared utility, interoperability layer or infrastructure project designed to serve multiple financial-sector participants.
A weaker fit is an ordinary internal digitalisation project or standalone software implementation for one business. Those projects may fit a different FSTI or EDGE route.
How Reeve | R&D supports Infrastructure & Platform projects
Reeve | R&D can manage the incentive workstream—eligibility assessment, project and ecosystem structuring, funding modelling, application preparation, agency interaction and post-award requirements—while the company remains the formal applicant where required by the programme.
Frequently asked questions
How much support is available?
Up to 70% of qualifying project costs, subject to MAS assessment.
Is there a public grant cap?
No fixed public per-project cap is currently stated.
Does the project need multiple companies in a formal consortium?
No mandatory consortium structure is stated publicly, but the project must deliver shared or sector-wide benefit.
Is an internal enterprise platform a strong fit?
Usually not. The track is designed around broader financial-sector infrastructure and shared utility value.
Official programme sources
mas.gov.sg (opens in a new tab)Last verified: 2026-10-01