Scheme Parameters
Funding Amount
70% co-funding for qualifying expenses.
Funding Duration
Institution Project: Minimum 6 months, maximum 1 year
Industry Pilot: Minimum 1 year, maximum 2 years
Who is Eligible
1. Industry Pilot
This track supports joint projects by multiple FIs to customise an existing solution with a solution provider.
Grant criteria | Details |
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Applicant Eligibility |
Applicants should be Singapore-based FIs that are regulated by MAS (licensed or exempted from licensing), with headcount not more than 200 staff. Each project should have a minimum of 3 participating, eligible FIs. |
Project Eligibility |
Qualifying solutions must:
The categories of solutions supported are:
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Funding Support |
70% co-funding of qualifying expenses, capped at $100,000 per participating entity, per project.
The funding period is capped at 2 years from implementation. |
How to Apply | Submit the application form (1 form for each participating FI) to fintech_office@mas.gov.sg at least two months before the commencement of the project. |
2. Institution Project (This project is now closed and MAS will not accept any applications)
To support individual smaller FIs and FinTechs to adopt digital solutions.
Grant criteria | Details |
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Applicant Eligibility |
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Project Eligibility |
Qualifying solutions must:
The categories of solutions supported are:
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Funding Support |
80% co-funding of qualifying expenses listed below, capped at $120,000 per entity, for the duration of the scheme:
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How to Apply |
General Solutions If the solution intended for claim can be found in the General Solutions List, your solution is qualified for DAG co-funding. Please fill and submit this General Solutions application form to fintech_office@mas.gov.sg at the end of your funding period.
If the solution intended for claim can not be found in the above list, please submit a proposal and description of the intended solution to fintech_office@mas.gov.sg for an in-principle approval (IPA). Once you have received an IPA, please fill and submit this Non-General Solutions application form to fintech_office@mas.gov.sg at the end of your funding period. For Life Insurance and General Insurance Agencies, click here for agency-specific application form and guide. |