Tighter rules for fintechs ahead: OCBC

Singapore

RUMOURS of my death have been greatly exaggerated - so goes the quote by Mark Twain, garbled as it may have been over the years.

Banks, in responding to the onslaught of fintechs, have leaned in with the same sentiment this week, with OCBC's head honcho arguing on Thursday that crowdfunding platforms and peer-to-peer lenders may eventually be regulated as banks.