`Powering the Next Stage of Singapore FinTech` - Speech by Mr Ravi Menon, Managing Director, MAS, at Singapore FinTech Festival The Green Shoots Series – Leading Through a Crisis: Up Close and Personal with Mr Ravi Menon, on 13 August 2020
(WorldNews Indonesia)

Five years ago, we had a vision - to make Singapore a Smart Financial Centre. A financial centre where innovation is pervasive and technology is used widely - to increase efficiency; to create new opportunities; to manage risks better; and most importantly to improve people`s lives. A new buzzword was emerging on the scene - `FinTech`. We set our goal to become a leading global FinTech hub. At the core of our drive was a conviction that technology will fundamentally transform financial services … … that if our financial sector stood still, we would be swept away by the tides of technological changes. And the tides were coming in fast: digital and mobile payments; block chains; cloud...