Ron Burgundy Posted July 3, 2016 Share Posted July 3, 2016 By Saeed Azhar and Marius Zaharia SINGAPORE (Reuters) - Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. State funding, light-touch regulation and a recent move to allow start-ups to test financial products in a controlled environment have put Singapore ahead of rival Hong Kong to be Asia's fintech hotspot. Much like Uber, Airbnb and others have harnessed technology and online social networking to disrupt taxi and hotel services, fintech firms are shaking up the traditional banking and financial services industry. View the full article Quote Link to comment Share on other sites More sharing options...
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