Heralding an era of financial inclusiveness

FINTECH has fundamentally changed the way financial institutions, businesses and consumers interact, and its benefits undoubtedly signify a new era of financial inclusiveness and innovation for the industry. From small-to-medium enterprises (SMEs) and start-ups to retail consumers, fintech offers increased accessibility and efficiency.

For SMEs, fintech generates the opportunities and means to obtain funding that they otherwise would not be able to. This is especially valuable to small businesses. According to the 2016 SME Development Survey carried out by DP Information Group, it is found that financing has climbed up the ladder to become one of SMEs' top concerns.

New fundraising platforms have emerged to fill the gap that had long existed for SMEs and make capital attainable for promising ideas to flourish, bringing greater transparencies and efficiencies for fast-growing companies and start-ups. Coupled with the support from local government and regulatory bodies, these businesses now have the opportunity to gain entry to more markets and investment, cultivating confidence with prospects for growth and success.