FinTech innovation has continued to grow and evolve, especially in Southeast Asia where investments hit US$4.3 billion in the first nine months of 2022, higher than the combined sum from 2018 to 2020.
Yet, FinTechs are grappling with increasing pressures relating to trust and security while navigating a lack of regulatory clarity in areas such as Web 3.0 and artificial intelligence (AI).
This report offers insights based on research and fresh interviews with FinTechs in Singapore, covering the following:
- Emerging trends shaping FinTechs’ business plans including AI, sustainability, digital assets and the need for trust and stability
- Challenges that FinTechs must overcome including a fragmented regulatory environment and turbulence in the talent market
- How Singapore is helping FinTechs gain competitive advantages through regulatory partnerships, holistic support for growth and connectivity to global markets and partners
This report is jointly published by PwC Singapore, Singapore Economic Development Board (EDB) and Singapore FinTech Association (SFA).
