Singapore is Beating the World at Fintech

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 d...

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Bibliographic Details
Published inBlack enterprise
Main Author Black Enterprise
Format Magazine Article
LanguageEnglish
Published New York Earl G. Graves Publishing Company, Inc 31.01.2017
Subjects
Bank technology
Innovations
International finance
Marketing
Schools
Students
Singapore
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Summary: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. Varun Mittal, Head of Operations of Hello Pay, the payment gateway of Alibaba’s Lazada e-commerce portal, cites the density of financial and technical talent in Singapore as a key component of Singapore’s success in this category.
Bibliography:ObjectType-News-1
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ISSN:2691-5510