Sin­ga­pore & the fu­ture of fi­nance: global light­house on a lit­tle is­land BY ARVIND SANKARAN

Singapore Business Review - - NEWS FROM SBR.COM.SG -

In 1942, Aus­trian eco­nomic prophet Joseph Schum­peter coined the term “cre­ative de­struc­tion.” Schum­peter en­vi­sioned in­no­va­tion to be the key driver by which in­dus­tries are “de­stroyed” and re­placed with newer, more cre­ative ones.

This force is seen rapidly trans­form­ing the world of fi­nance – from the legacy of branches, tell­ers and vaults to the fu­ture of data, al­go­rithms and money.

Newspapers in English

Newspapers from Singapore

© PressReader. All rights reserved.