Citing the adoption of cloud technology, Singapore’s financial industry should be mindful not to jump the gun with new technology, but rather, focus on engaging customers and stakeholders, says Loh.
While there is growing interest in emerging digital technologies like cryptocurrency and decentralised finance (DeFi), its promises cannot be realised in a single step.
Instead, centralised and decentralised financial markets — the proverbial old and new worlds — will have to co-exist, says Loh Boon Chye, CEO of SGX Group. “We will need to see how we can bring the best of these two worlds together.”
