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Leveraging change in financial services landscape for SMEs

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SMEs can draw confidence from Singapore's intrinsically strong financial regulatory regime. The fact that the Singapore FinTech Festival (above) was supported by banks shows the entire banking ecosystem can benefit from financial technology.

THE inaugural Singapore FinTech Festival organised by the Monetary Authority of Singapore (MAS) in November last year was significant on multiple fronts, and small and medium enterprises (SMEs) here would do well to take notice.

First, financial technology (fintech), along with innovation

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