From Alibaba, Blockchain & Bitcoin miners, Huawei to Rail technology- The Sinosphere is growing its influence in all matters digital
2017 will see increasing innovation flowing down the new Digital Silk Highway
PREDICTION: The Sinosphere will become a major player influencing the Fintech space. China is fast becoming another spawning pool for Fintech, an opportunity driven primarily by the Sinosphere’s enormous “unbanked” population. The lack of a large, entrenched legacy banking system creates an environment ripe for moving from a “cash past” to a Fintech future. Singapore is making a dent in the Fintech space. Expect to see regional banks, insurance companies and the government playing a major role in the emerging space of Fintech/Insure-tech in the months and years ahead. The recent “Brexit” vote also seems to be benefiting Singapore, as there has been a wave of London-based Fintech firms applying to operate in the country.