31 Jan '17, 4pm

Singapore is Beating the World at Fintech

Singapore is Beating the World at Fintech

As a tiny country with limited natural resources, Singapore built its outsized influence on the world as a hub of global finance. With the advent of progressive financial technologies eponymously named “Fintech ,” Singapore is well ahead of the curve and is reinventing itself into a center of fintech innovation. Singapore has a solid head start and significant advantages over other countries, and it wouldn’t be a farfetched prediction to assume that in due time Singapore will take on the mantle as world’s fintech capital. The Monetary Authority of Singapore (MAS), Singapore’s central bank, has a dedicated department called the FinTech and Innovation Group and their directive is to facilitate the use of technology in the financial sector. In opening up this new department, the managing director of MAS declared , “The formation of FTIG is a serious commitment by MAS towards ...

Full article: http://www.blackenterprise.com/technology/singapore-beati...

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