Singapore: Banking on the Future

Singapore: Banking on the Future

A Bitcoin dispensing machine at an underground shopping mall in Singapore: the country is looking at fintech to help advance the skillset of its citizens (photo: Then Chih Wey Xinhua News Agency/Newscom) Singapore is fast becoming a global innovation hub. After years of rapid growth, the economy slowed recently due to an aging population and low productivity growth. In response, the country is embracing the digital economy. The government is looking at advances in automation and financial technologies—known as fintech—not as disruptions, but as opportunities to boost overall growth and improve the skills and job opportunities for its citizens. […]