Singapore’s ‘trust’ advantage in Fintech

Yasmine Yahya writes on the flip side of technological advancement such as displacing both lower-skilled and highly skilled professionals.

Maybank foreign exchange (FX) research head Saktiandi Supaat shared that banks’ traditional client base – small and medium-sized enterprises and bigger corporations – no longer need to go to a bank to get a quote for currency exchange, as they can easily do so via FX platforms.

With regard to the internet age where data is captured quickly and flows freely, DBS Group Holdings chief executive Piyush Gupta opined that businesses, regulators and society as a whole will have to work together to come up with new ways to maintain trust and confidence in such a world.

Read more at Straits Times


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