Fintechs must dig deeper to solve structural problems: MAS

Singapore

SINGAPORE wants to drive greater focus on fintech solutions that tackle structural and institutional problems in the financial system at home and in Asean, the chief fintech officer of the Monetary Authority of Singapore (MAS), Sopnendu Mohanty, said on Friday.

Speaking as a panellist at a global fintech-pitching session held by Citi by Singapore, he noted that in the last few years, the focus for fintechs has been on platforms that draw throngs of users, such as crowdfunding platforms.