Singapore’s central bank has launched a batch of initiatives — including helping banks create an industry-wide platform for compliance checks City-state it says these initiatives are key to it remaining a global money hub...with 25,000 visitors this time to the Singapore FinTech Festival!
Ravi Menon, managing director of the Monetary Authority of Singapore, used his opening address to Singapore’s Festival of Finance to unveil 11 fintech initiatives. The announcements came less than a fortnight after the central bank launched a plan to create 3,000 jobs (net) in financial services, and an extra 1,000 annual jobs (net) in the fintech sector. “If Singapore is to maintain its position as one of the top financial centres in the world, it must embrace fintech — maximising its benefits, minimising its risks,” Mr Menon told the event, which organisers described as the world’s biggest fintech event with 25,000 attendees over three days. The Money 2020 conference in Las Vegas attracted 11,000 this year.