Big Tech Firms are Now Offering Fintech and Wealthtech Servi

Big Tech Firms are Now Offering Fintech and Wealthtech Services in Singapore, but Startups are Also Launching Innovative Services


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Big Tech Firms are Now Offering Fintech and Wealthtech Services in Singapore, but Startups are Also Launching Innovative Services
January 6, 2021 @ 10:01 pm By Omar Faridi
Singapore’s fast-growing 1,000+ Fintech sector includes a thriving Wealthtech segment which is on track to continue growing and maturing. It’s being supported by an increased interest from local investors, strategic acquisition deals, and the growing demand for automated financial advisory services (or Robo-advisors). Many younger consumers are now exploring various investment and wealth management solutions.
But as the Wealthtech sector in Singapore gets more crowded with new service providers, some startups might not be able to keep up with the competition. During H1 2020, there were many Big tech firms and platform providers that branched out into the Fintech sector in order to extend their market share and client base.

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