Tharman Shanmugaratnam: Financial technology (FinTech) - transforming financial services in Singapore

Abstract

Many of them are investing heavily in technology to streamline and optimise entire swathes of operations. For example, several initiatives are underway among banks to tap on distributed ledger technology to achieve swift, seamless and secure trade settlement. Several financial institutions have set up in-house FinTech units to replicate the start-up culture. They are also collaborating with and, in some instances, buying over promising FinTech companies.