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FOCUS: FINANCIAL TECHNOLOGY

Opportunities for the financial sector

This wave of innovation shows tremendous promise of delivering greater value to customers, but risks have to be managed carefully

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The most impactful technology to reshape and transform financial services may lie in the field of big data analytics, says Mr Mohanty.

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There must be constant probing and understanding of how the businesses and services have changed, says Mr Gwee.

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From competition to collaboration, fintech firms are now helping banks to create more value for their customers, says Mr Lee.

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Regulators would need to be kept abreast of emerging and current developments within the fintech community, says Mr Ho.

Roundtable participants:

  • Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore (MAS);
  • Paul Gwee, Secretary-General, Asean Bankers Association;
  • Lee Wai Fai, Group Chief Financial Officer,
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