100% Quality The FinTech Nation

Singapore's FinTech journey has been a story of relentless pursuit of excellence to build a global financial service hub with limited means and lots of aspirations. The slogan of "Dream big. Start small. Move fast" has rallied regulators, startups, investors, corporates and everyone else to achieve a common goal.

One of the critical superpowers of Singapore is a national character built on survival instinct and a distinctive obsession with being successful. Singaporeans by nature are kiasu (a Hokkien word which can be loosely translated to fear of missing out), and they wear it as a badge of honour. Being kiasu drives Singaporeans to be constantly paranoid, doing everything they can to achieve success. It creates a certain fanaticism about meritocracy and instils a belief that one can never be complacent.

In a regulated industry, our fear is our biggest strength, pushing us to comply with a wide range of everevolving regulations. The durable social fabric supports an adherence to order and authority. It proves to be a significant asset when it comes to developing and supporting a heavily regulated industry like financial services.

Singapore attracts people across the region to build their ventures in the domains of finance and technology. This book traces Singapore's journey from 2015 till today starting with establishment of regional hubs and globalisation of FinTech innovation. The key principles which established Singapore as a FinTech Nation have been an obsession with excellence referred to as RFFL (Right First, Fast Later), a unique model of economic and legal policies known as Singanomics and lastly, an organised and controlled model of a new idea development termed Garden Innovation.

Contents:

Acknowledgements

eword

Preface

About the Authors

An Ecosystem Playbook: Engage, Experiment and Execute

Building It Right, Good

Scaling Innovation Block by Block

Dancing with the Phoenix

Democratising Access to Build

Sustaining Network Effects

Fuelling Innovation Venture Capital

Building Launchpads the Future

Talent Only Real Moat

Morphing Digital Banking

InsurTech Rising Aspirations

Strengthening Capital Markets

New Frontier

Glossary of Terms