Money FM 89.3 Show
Asked on 06 Nov 2019
As compared to Western markets like the US and Europe?
FinTech is basically an upcoming trend globally. However, there is a wider impact in Singapore and other parts of Asia-Pacific because these are the developing markets of the world. Markets like Europe and United States are already developed and thus, the scope for a new idea to have major impact is lower.
To know more about the impact of FinTech globally, click here.
I work at Kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.
Well Europe is not bad as well due to nice established financial centre (London) and with fairly easy/friendly regulatory umbrella (EU - Brexit changing things tho). Each place has it's own pluses and minuses (eg US fragmented state-by-state market but great tech talent)
In terms of Singapore/Asia - the strength is that being a younger/less developed market there is less legacy issues to deal with and incumbents less established, particularly in newer fields. As a result lots of blue ocean that has potential for good returns and hence attractive to investors.