SINGAPORE - Singapore can be a trusted node for science, technology and innovation amid global challenges, and its nimble regulatory environment allows innovators to develop prototypes quickly, said Deputy Prime Minister Heng Swee Keat on Monday (Sept 11). 'Singapore is a little city and this allows us to prototype solutions faster than many other places. We have one single layer...
SINGAPORE - Singapore can be a trusted node for science, technology and innovation amid global challenges, and its nimble regulatory environment allows innovators to develop prototypes quickly, said Deputy Prime Minister Heng Swee Keat on Monday .
Mr Heng, who is also Coordinating Minister for Economic Policies, said that if start-ups can develop sound prototypes and solutions, they can conduct their trials in Singapore and demonstrate their feasibility in an urban environment. The Republic is currently home to approximately 4,000 tech start-ups and 200 incubators, and has consistently ranked among the top 10 countries in the Global Innovation Index. It is also among the world's top 15 countries for ease of source funding, according to Startup Genome."I believe that fintech will change the banking system significantly," he said.
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