Singapore: Fintech Has Created 1/4 of New Financial Sector Jobs in Past Two Years

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), delivered a speech today at the MAS Annual Report Media Conference. Within the prepared remarks, Menon revealed that “Fintech alone is estimated to have contributed close to 2,000 of the net jobs created during these two years.” According to Menon, during the past two years 8,000 new jobs have been created within the financial services sector – so a quarter of these new jobs are within the innovative financial sector. Menon stated that Singapore has a “global mindshare today as one of the leading Fintech hubs in the world.” “Our Fintech agenda is well known and there will be other occasions to talk about the various initiatives. Today, I want to emphasise the central role played by regulation in promoting innovation and technology.” As part of their ambition to make Singapore the leading global fin…

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