In a plan unveiled Monday, the Monetary Authority of Singapore said it aims to create 4,000 net new jobs in financial services and financial technology, and achieve real growth in the sector of 4.3% annually, faster than the overall economy. “With technology transforming the way financial services are produced, delivered, and consumed, it is critical that Singapore’s financial sector also transforms, to stay relevant and competitive,” the MAS said in a statement. It said Singapore aims to be:A leading international wealth management hub. The MAS said it’s working with the industry to develop Singapore as a “centre of excellence for wealth management technology and innovation”. The financial sector accounts for about 13% of Singapore’s gross domestic product.

Source: Bangkok Post October 30, 2017 08:03 UTC