Tharman Shanmugaratnam, Singapore's deputy prime minister and chairman of the Monetary Authority of Singapore, at the launch of LATTICE80, spoke about how the country is developing a fintech ecosystem, including the venture capital sector that will allow start-ups to thrive.
Proposed changes to crowdfunding rules in Singapore, announced days before the June 24 Brexit vote shook financial markets worldwide, throw into focus regulators’ challenge of balancing financial liberalisation and protecting investors seeking safety in times of turmoil.
At the closing session of the 17th Asian Banker Summit, Janos Barberis, founder of FinTech HK, discussed the power of data to transform financial technology and why China will lead the world in financial innovation.
Nazmul Karim Chowdhury, Senior Vice President and Head of Brand at City Bank, Bangladesh, describes how cautious optimism toward mobile financial services is slowly permeating Bangladesh society, from institutions to rural areas.
Andra Sonea, lead solutions architect with the Innovation & Digital Analytics Lab at Lloyds Banking Group in London, maintains that an industry that enables competition and economic development does not need a “sandbox intervention.” Competition and collaboration within financial services should be the norm.
David Puth, Chief Executive Officer at CLS, welcomes the Bank of Korea’s call to expand protection from settlement risk in foreign exchange and highlights the efficiency and operational benefits of CLS to non bank financial institutions.