Publication Type

Working Paper

Version

publishedVersion

Publication Date

2-2021

Abstract

This paper seeks to provide a general overview of the impact of new technologies in the financial services industry in Singapore. For that purpose, it starts by emphasizing that technology has always played an important role in the financial industry. However, new disruptive technologies, as well as the increasing use of data in the financial services industry, have created new challenges and opportunities for the financial sector. While Singapore has managed to address these challenges by adopting one of the quickest and most innovative and comprehensive responses probably observed internationally, financial markets –and particularly the fintech industry– are constantly evolving. For that reason, this paper concludes by highlighting various challenges and potential reforms to be considered in the future.

Keywords

fintech, innovation, technology, AI, DLT, blockchain, ICOs, finance, Singapore, hub

Discipline

Asian Studies | Banking and Finance Law | Finance and Financial Management | Technology and Innovation

Research Areas

Corporate, Finance and Securities Law

First Page

1

Last Page

18

Identifier

10.2139/ssrn.3741759

Publisher

SMU Centre for AI & Data Governance Research Paper No. 11

City or Country

Singapore

Additional URL

https://doi.org/10.2139/ssrn.3741759

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