SINGAPORE, July 18 (Bernama) — The Monetary Authority of Singapore (MAS) will commit additional S$100 million (SG$1=RM3.48) to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies.
The funding, under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0), also aims to enable the advancement of quantum and AI-related innovation and adoption in financial services.
“Quantum technology is a rapidly advancing field that holds significant potential to transform the financial industry and broader economy.
