Home Views Tech

Trust shifts from banks to fintech

Assif Shameen
Assif Shameen6/17/2016 05:22 PM GMT+08  • 2 min read
Trust shifts from banks to fintech
SINGAPORE (June 17): It’s a virtuous circle between financial technology (fintech) and banking. As banks embrace fintech, more capital and talent flow in, increasing its heft and enabling it to push the envelope of fintech adoption even wider.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 17): It’s a virtuous circle between financial technology (fintech) and banking. As banks embrace fintech, more capital and talent flow in, increasing its heft and enabling it to push the envelope of fintech adoption even wider.

“Availability of cloud computing and data analytics is enabling non-bank players to build fintech solutions where previously there were there were barriers to entry,” says Chia Tek Yew, head of financial services advisory for KPMG in Singapore.

Building a core banking application used to cost tens of millions of dollars but not any more.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.