The FinTech Scene In Singapore

On 19 April 2016, the Finance programme representatives in SIM University’s School of Business hosted an industry veteran, Mr David Ng, General Manager and Head of Private Banking at HL Bank Singapore, who gave a talk entitled The FinTech Scene in Singapore. Mr Ng has over 25 years of international banking experience, and is an investor in digital start-ups. He was a director and investment committee member at Expara IDM Ventures, a digital start-up incubator with regional presence. 

According to Mr Ng, financial services have, in recent years, been impacted dramatically by the financial technology (FinTech) revolution. Traditional banking services are being replaced rapidly by internet banking and new innovations in the finance markets. Transactions, payments and trading systems have become instantaneous and are now validated by electronic signatures. 

During his talk, Mr Ng provided a comprehensive introduction of FinTech and the range of sub-industries in FinTech, the start-up companies in Singapore and globally, and the outlook for banking and finance. He also touched on the challenges faced by traditional financial institutions and FinTech start-ups, as well as the career opportunities in FinTech.