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FinTech is a portmanteau of two words – financial and technology. It describes the emerging financial services sector that rose to prominence in the earlier part of the 2010s. FinTech is changing the way we do business. Paypal is a very good example of a FinTech concept that many people in Singapore use quite regularly.Several FinTech technologies exist, such as online payments and transactions as well as data management and security. Ultimately, it is all about consumers and the way in which they receive benefits from the advancements in financial technology. Traditional methods of conducting financial activities are dying, and they are being replaced by more modern, technological methods.We will look at some of the major FinTech applications and the way in which Singapore is adopting these technologies. With numerous up-and-coming FinTech companies in Singapore, consumers will soon be able to do things like lend money, make payments, invest money, and manage and analyze personal finances – all from an app on their phone.

Back in late 2016, I vividly recall the bright growth predictions for insurance technology – with Singapore poised to be at the centre of this brave new insurance world. Now that 2017 is nearing an end, we can look...
There is no doubt a unified e-Payment system is the way of the future; its benefits for Singaporeans are unquestionable. The objective has always been to enable Singapore to be a cashless society whether through Nets, PayNow, Razer Pay...
Who Am I Online? Your digital identity represents the entire unique profile of your life. From biological identities such as your age to behavioural identities such as your service subscriptions, we rely on these data to prove our credibility. We...
Will mobile services become more user-friendly? In a recent announcement, 2 of the 3 largest banks in Singapore are taking the lead to remove physical dongles from their services starting next year. This means that the fuss of owning multiple...
A compilation of female speakers in FinTech - the first initiative for the Women in FinTech committee for Singapore FinTech Association *.We have included the following details: Name, Company, Job Title, Speakers Information and Bio, Past Speaking Engagements, Media mentions,...
** For The New Savvy readers, SmartFunding is offering a sign-up bonus of S$75 (Investor Wallet) for all readers signing up until 31/01/2017, click here.Invoice financing is a rising option for businesses in Singapore - and you should start looking...
Millennials. Much has been said about us. We were dubbed the ‘entitled’ generation, the ‘lazy’ generation, and the ‘instant-gratification’ generation. While we partially blame the systems in place that made us the way we are (did you think all...
Demystifying FinTech The finance sector has a reputation of being ingrained in their traditional ways, being nearly impervious to change. Financial institutions and services tend to involve a lot of paperwork, but things have changed in the past couple of...
The conference covering global investment in the FinTech industry started off with taking a look at the 30 Largest VC FinTech Deals of 2016. Of the largest FinTech deals of 2016, majority lie in the Asian continent.FinTech isn't as...
Countries around the world have been building connections through globalisation. There are several concerns regarding this: what infrastructures are necessary to help with globalising FinTech, cultural differences, challenges, and issues on security.Infrastructure as the foundationWith the increasing numbers of...
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