13 Feb '18, 1am

"Disruption is the new norm, Magazines - THE BUSINESS TIMES"

"Disruption is the new norm, Magazines - THE BUSINESS TIMES"

FINTECH was, until recently, seen by incumbents as the little brother who wanted to snatch their favourite game. However, most now agree that fintech in Singapore is much less of a fight between incumbents and new fintech entrants, but more of a "fourth industrial revolution" that calls for broad collaboration. Incumbents have joined the digital revolution, and many are now working with startups and adopting the disruptive technologies which challenge their own traditional ways of doing business. "Digitisation" is the new buzzword at incumbent banks and other financial institutions. "Disruption" is now everywhere and ubiquitous. It is no longer about competition. Instead, it is about the coming together of the ecosystem to redefine our future. And our regulator, the Monetary Authority of Singapore (MAS), has been playing a pivotal role in this coming together, creating a f...

Full article: http://www.businesstimes.com.sg/magazines/wealth-february...

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