Five key FinTech developments in 2018
The year 2018 saw a number of regulatory and industry developments in the FinTech sphere in Singapore. This article presents an overview of five noteworthy FinTech events which are discussed in further detail:
- New FinTech Fast Track initiative facilitating faster patent grants for FinTech inventions
- New Payment Services Bill to streamline regulations and establish new licensing framework
- Proposed new Regulatory Sandbox with fast-track approvals
- MAS and SGX successfully leverage blockchain technology for settlement of tokenised assets
- Launch of API Exchange, the world’s first cross-border, open-architecture platform with an emphasis on improving financial inclusion
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