Taking fintech full throttle into the deployment phase
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE'S financial services ecosystem has kept pace with global changes, allowing the country to compete against other financial centres. The advent of new technologies - artificial intelligence (AI), blockchain and digital payments among others - has also dramatically transformed the financial services landscape, a key element of a smart nation.
The S$225 million Financial Sector Technology and Innovation (FSTI) scheme was announced on June 29, 2015 to fund the setting up of innovation labs and experimentation through proof-of-concept projects, as well as to incubate new industry initiatives in digital payments and blockchain use cases.
The scheme saw a proliferation of ideas in 2016 and 2017, and propelled the setting up of fintech companies and a vibrant fintech community here.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
