Excited for a morning of #Fintech at #EmTechAsia - starting with MAS fintech head @sopnendu on the future of money pic.twitter.com/2dqHGrDsip
— Oliver Arscott (@OliverArscott) January 27, 2016
Wondering what the future of money will be? It lies in a Smart Financial Center with a comprehensive ecosystem that harnesses infocomm technology to enable innovation and re-define financial services to increase efficiency, create new opportunities, manage risks better, and improve people’s lives.
Within this framework, FinTech is rapidly enabling innovative technology solutions to be the transformation enablers that drive innovation in financial services.
The future is a cashless society where rapid transformation enabled by smartphones has re-defined the way people live and interact. Convenience, speed, efficiency and inclusiveness of the new digital economy is driving an inevitable cashless future which is secured and seamless.
Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore