To be a FinTech hub, Singapore needs RegTech

Singapore is working hard to develop its financial technology (FinTech) industry and results are beginning to show.In a recent report by Deloitte, Singapore was tied with London as the top FinTech hub in the world. Both cities attained a score of 10 on the index — the best score among financial centres ranked.The score is an aggregate of a city’s position on three business indices, the Global Financial Centre Index, Doing Business 2016 and Global Innovation Index, with a lower score associated with an environment more conducive to the growth of FinTech.

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