SINGAPORE (June 19): Even as stock markets suffered extreme volatility in the past few months, the Singapore fintech brushed off worries over the economic turmoil triggered by the Covid-19 outbreak. 

Year to date, new equity funding raised here increased by 19% year-on-year to $462 million, according to a study by BCG FinTech Control Tower (FCT).

“As we come out of the coronavirus pandemic, FinTech has the great opportunity to make a meaningful impact in 2020 and beyond by accelerating digitalization of financial services,” Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore, tells FCT in an interview.

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