30 Oct '17, 7pm

Singapore's Roadmap for a Leading Global Financial Centre Hinges on Fintech

Singapore's Roadmap for a Leading Global Financial Centre Hinges on Fintech

The Monetary Authority of Singapore (MAS) has released an “industry transformation map” (ITM) for financial services. The graphic is a visual depiction of growth strategies designed to create a leading global financial centre. This “roadmap” highlights the importance of financial innovation or Fintech to the mission of creating a hub that connects global markets, supports Asia’s development, and serves Singapore’s economy. Speaking at the launch of the ITM, Ong Ye Kung, Minister for Education (Higher Education and Skills) and MAS Board Member, explained how the government aims to achieve growth in financial sector real value-added of 4.3% and productivity of 2.4% annually. The ITM also expects to create 3,000 net jobs in financial services, and an additional 1,000 net jobs in the Fintech sector annually. While the economy is solid overall, the financial sector is going thr...

Full article: https://www.crowdfundinsider.com/2017/10/123853-singapore...

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