From Finance to Fintech Hub
Singapore is one of the world’s top four financial centers alongside London, New York and Hong Kong. With at least 200 banks operating from the island nation, Singapore is positioned to partner the next generation of fintech pioneers.
The Monetary Authority of Singapore (MAS) has allocated S$225 million (US$165 million) to fintech development over the next five years, with the aim of creating a pervasive culture of innovation and cementing the country’s status as an Asian leader in the sector. This initiative meshes with Singapore’s broader Smart Nation agenda of using technology to support higher quality of life, increase productivity and create jobs.