July 6, 2016
Singapore can be considered one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. IT procurement budgets of these banks reached $485 billion in 2014.
With global trends towards tight collaboration among traditional financial institutions and FinTech startups, Singaporean financial services providers also made a step forward nurturing incubation and FinTech ecosystem development. Global banking giants are building an innovation conveyor to ensure a leading position as a global financial market. Some of the examples are MasterCard, UBS, DBS Bank, OCBC, Wells Fargo and