soCASH Receives Financial Sector Technology & Innovation (FSTI)

soCASH Receives Financial Sector Technology & Innovation (FSTI)

by November 15, 2016
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

soCASH, a growing Singapore-based fintech start-up that makes cash easily available anywhere and everywhere you want, today announced they have been granted the Financial Sector Technology & Innovation (FSTI) Scheme- Proof Of Concepts (POC) from the Monetary Authority of Singapore (MAS). The scheme provides funding support to Singapore-based Financial Institutions (FIs) as well as technology or solution providers working with them for early stage development of novel solutions to financial industry problems.

soCASH

 

Hari SivanCommenting on the same, Hari Sivan, Co-Founder and CEO, soCASH said, “We are extremely honored to be granted this funding support from MAS. We believe it is a clear endorsement of our commitment to innovate cash logistics for the banking industry by creating smart digital solutions for customers who need adhoc cash.”

He further added, “As a fintech start-up, we see great value in a scheme like this by MAS. It is a clear indication of their long-term vision to create a vibrant and collaborative ecosystem that is constantly innovating at the leading edge of technology.”

 

soCASH

 

Sopnendu Mohanty,Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “We are confident that startups and Financial Institutions will benefit from the FSTI Proof-of-Concept grant, and come up with innovative solutions that will benefit consumers and the industry.

Recipients will also share their findings with the industry and help accelerate the development and dissemination of nascent innovative technologies.”

Print Friendly
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

2 Comments so far

Jump into a conversation
  1. #1 Singaporean Fintech Startup SoCash Seeks To Disrupt The Supply Chain Of Cash (with the Help of MAS) | Fintech Singapore 16 November, 2016, 19:07

    […] the inaugural Singapore Fintech Festival, which kicked off on Monday, SoCash announced that it has been granted the Financial Sector Technology and Innovation (FSTI) Scheme […]

  2. #2 6 Recent Singapore Fintech Fundings | Fintech Singapore 6 April, 2017, 12:27

    […] March 2017, soCash, a startup aiming to disrupt the supply chain of cash, raised US$600k in a seed funding round from […]

Your data will be safe!Your e-mail address will not be published. Also other data will not be shared with third person.