RHTLaw Taylor Wessing’s Managing Partner Tan Chong Huat shared his views in this week’s topic in the Business Times’ weekly column, Views from the Top.
This article was first published in The Business Times on 27 June 2016.
Welcome to the internet of money
JUN 27, 2016 5:50 AM
THIS WEEK’S TOPIC: How do you think fintech innovations can potentially impact your business, and your life?
Tan Chong Huat
RHT Law Taylor Wessing LLP
AS a global financial node with high number of technology users, Singapore is already on the global radar as a major international fintech hub. It is therefore not surprising that fintech’s disruptive potential has been in sharp focus here.
Fintech promises the delivery of more efficient, customer-centric and transparent financial services. Fintech platforms are also more nimble, able to adapt and customise the delivery of services quickly.
Fintech platforms, must, however, not forget the “fin” in fintech – they are delivering financial services and will succeed only if they have a robust governance, risk management and regulatory compliance framework.