Building a Smart Financial Center
Not to be outdone by other parts of the world, the FinTech industry is evolving at varying degrees in different countries in Southeast Asia. Playing an important role in this growth are the different programs that exist in the region and one country at the forefront of this phenomenon is Singapore.
In November 2014, Singapore embarked on the Smart Nation program, which seeks to harness info-comm technology, networks, and data to support better living, create more opportunities, and to support stronger communities. The financial sector is an integral part of Singapore’s ambition to be a “Smart Nation”. The Monetary Authority of Singapore (MAS) seeks to create a Smart Financial Center where technology is used pervasively in the financial industry to increase efficiency, create opportunities, allow for better management of risks, and improve lives.
We sat down with MAS Chief FinTech Officer, Mr. Sopnendu Mohanty, to discuss his views on FinTech and how Singapore is working toward becoming a world leader in the FinTech industry.
Performance magazine issue 21, September 2016
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.