To assist start-ups in the regtech fintech sector, the Monetary Authority of Singapore has committed a capital injection of SGD 42 million ($32 million). The capital injection will be used for two schemes. The other is the Digital Acceleration Grant (DAG) scheme. This is one of the new Regulatory Technology (RegTech) grant schemes. Both accounts for a total of SGD 250 million ($188 million) under the Financial Sector Technology and Innovation Scheme 2.0.