The impact of fintech on real estate (Amended)

FINTECH is the new buzzword for the banking and financial services industry. The financial technology, or "fintech", sector comprises firms using technology and innovation to disrupt the traditional ways that banks and financial institutions (FIs) do business to better meet consumers' evolving financial services needs.

While many banks and FIs view the rise of the fintech sector with concern, the more agile institutions are embracing fintech firms to make them partners in their business growth.

With supportive government policies in Singapore and significant venture-capital backing, fintech is poised to disrupt more than just the banking industry. The emergence of these firms is generating demand for startup hub space and going forward, will likely have a major impact on the office footprint of traditional banks.