This conversation is a part of curated story.

MIT Technology Review's EmTechAsia : where technology, business, and culture converge.

MIT Technology Review's EmTechAsia : where technology, business, and culture converge. It’s the s...
Jatin Chaudhary curated this conversation as a part of above story

Day 2 - Future of Money - Smart Financial Centre, FinTech and Cashless Society

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