Smart Nation Initiative: Forward-Looking and Finance-Focused Government
It’s no secret that the Singapore Government has not been shy about its ambition to be a global fintech hub, and it’s already established itself as an international center for finance in general. To achieve these ambitions, the Singapore Government has initiated the Smart Nation Initiative, which recognises that technology is disrupting and will continue to disrupt the financial sector. Singapore intends to leverage these changing tides in their favour and attract the fintech industry’s innovators.
Singapore’s long-standing focus on financial sector superiority has seen it rank fifth on the Global Financial Centers Index, which takes into account education, finance, development, business, environment, the rule of law, and innovation. So it’s not just the Singapore Government’s actual practices that are attracting innovation; it’s also Singapore’s global reputation itself.
Read the full version of this article on this InCorp blog.