Iswaran: Finance, law firms must embrace tech
Getting "comfortable" with innovation ecosystem will enable them to do well by properly appreciating new businesses and their risks
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Singapore
FINANCIAL institutions, as well as law and accountancy firms, must "get comfortable" with the technology and innovation ecosystem, Minister for Trade and Industry S Iswaran said on Thursday at the launch of the S$500 million Venture Debt Programme (VDP) that supports high-growth enterprises.
Speaking to reporters during a visit to homegrown vessel-monitoring company Ascenz Solutions, he added that these professional services would do well only if they appreciate new businesses - whose assets are unconventional, and comprise mostly intellectual property (IP) - and their risks.
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