Small and medium-sized enterprises (SMEs) play a vital role in Singapore’s economy, forming 99 per cent of total enterprises, contributing 43 per cent of value-added and offering employment to 70 per cent of the workforce. For Singapore to achieve economic expansion of 2 to 3 per cent per year over the next decade, it is imperative to support enterprises, and in particular, SMEs, to boost productivity through digital technologies adoption. In this aspect, the financial sector, and in particular the impact of fintech lending, could lend support to the development of SMEs.