Taking fintech full throttle into the deployment phase
Add BT as a preferred source
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.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers
