Traits of fintech champs

IN the past few years, the fintech space has been peppered with start-ups that have thrived and continued to revolutionise traditional banking, and those that have decided to exit the space.

As Singapore looks forward to deepen its development of the sector in 2017, I thought it would be useful to look at the lessons learned and examine the traits that fintech companies have in common - especially traits that have enabled them to scale and succeed.

Firstly, these successful fintech companies realise the importance of leveraging the support of key stakeholders and working with the relevant authorities. The Singapore government has created a conducive "sandboxed" environment to foster innovation, allowing startups to tap into programmes that connect them to resourc…