Peer-to-peer lending is an alternative form of finance for people and businesses who want to avoid traditional credit institutions. In Singapore, this innovative and direct approach to lending and borrowing spurs a new line of financial services where technologies and trust come together to challenge large banking and finance firms.
Overview of FinTech in Singapore [list-market analysis]
With the spread of ever connected devices, FinTech has become a very hot topic in Singapore and all global financial centers. Both large financial institutions and startups are engaged in developing innovative technologies to provide new financial products and services, and to enhance the efficiency of financial markets.