Your Trusted Partner for DAG Projects

Applicant Eligibility

• Singapore-based FIs regulated by MAS (licensed or exempted from licensing), with not more than 200 employees
• Singapore-based FinTech firms certified by the Singapore FinTech Association , with not more than 200 employees

Project Eligibility

Qualifying solutions:

• be deployed and used for at least 6 months in Singapore;
• contribute to improvements in productivity, efficiency, risk management, operational resilience, or customer service;
• belong to any of the categories listed below; and
• not be built from scratch nor require investment in heavy infrastructure e.g. servers.

Categories of solutions supported:

• Cloud services;
• Communication and collaboration tools;
• Compliance & KYC tools (including transaction monitoring tools);
• Customer relationship and engagement tools (including digital customer onboarding);
• Data-related services (including data warehousing, data automation, data analytics);
• Enterprise services (including HR and accounting systems);
• Marketing productivity tools (including customer sensing tools, insights generation);
• Office productivity tools;
• Project management, software development and testing tools;
• Security-related solutions; and
• Solutions to support alternative working arrangements, operational resilience, and BCP.

Funding Support:

• 80% co-funding of qualifying expenses listed below, capped at $120,000 per entity, for the duration of the scheme:
  • Hardware and software, including licences, maintenance and subscription costs; and
  • Professional services tied to the adoption of the digital solution (e.g. consultancy, cybersecurity testing, IT audit, training, change management).
• Eligible entities can claim for expenses incurred from 1 February 2020.
• The funding period is capped at 1 year.

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:

• be deployed and used for at least 1 year in Singapore;
• contribute to improvements in productivity, efficiency, risk management, operational resilience, or customer service;
• belong to any of the categories listed below; and
• not be built from scratch nor require investment in heavy infrastructure e.g. servers.

Categories of solutions supported:

• Cloud services;
• Communication and collaboration tools;
• Compliance & KYC tools (including transaction monitoring tools);
• Customer relationship and engagement tools (including digital customer onboarding);
• Data-related services (including data warehousing, data automation, data analytics);
• Enterprise services (including HR and accounting systems);
• Marketing productivity tools (including customer sensing tools, insights generation);
• Office productivity tools;
• Project management, development and testing tools;
• Security-related solutions;
• Solutions to support alternative working arrangements, operational resiliency, and BCP.

Funding Support:

• 80% co-funding of qualifying expenses, capped at $100,000 per participating entity, per project.
• Qualifying expenses may include hardware and software, professional services, and manpower costs.
• The funding period is capped at 2 years from implementation.