Fintech: A New Frontier in Finance

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The many sides of financial technology, and the risks involved.

In the world of finance, there is a consensus that technology-driven change is inevitable, and that it brings with it massive potential for disruption.[1] Central banks and supervisory authorities meet internet challenges to their financial systems by communicating their intentions to the public on their websites.

Most of them have set up dedicated units for monitoring developments. [2] Among the leading ones in Asia are the Peoples’ Bank of China (PBC), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM).

Compared to advanced economies, those in the Asia Pacific region have a tremendous untapped potential in finance. The region is a very significant unserved market, particularly South-East Asia, China and India.


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