The impact of fintech on real estate (Amended)
The emergence of fintech firms is generating demand for startup hub space and will likely affect the office footprint of traditional banks.
FINTECH is the new buzzword for the banking and financial services industry. The financial technology, or "fintech", sector comprises firms using technology and innovation to disrupt the traditional ways that banks and financial institutions (FIs) do business to better meet consumers' evolving financial services needs.
While many banks and FIs view the rise of the fintech sector with concern, the more agile institutions are embracing fintech firms to make them partners in their business growth.
With supportive government policies in Singapore and significant venture-capital backing, fintech is poised to disrupt mor…
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