MAS's Mohanty Says Singapore Banks Are Catching Up on Fintech

MAS's Mohanty Says Singapore Banks Are Catching Up on Fintech

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the growth of fintech in Singapore, highlighting its expansion and the global interest it has garnered. Singapore's unique position as a fintech hub is explored, emphasizing its community-driven ecosystem and regional influence. Challenges such as funding are addressed, with a focus on the shift towards deep tech and B2B strategies. The future of banking is speculated upon, considering technological advancements and the evolving role of traditional banks.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has contributed to the growing interest in fintech according to the first section?

The shift from a physical to a digital economy

The decrease in global trade

The decline of traditional banking

The rise of cryptocurrency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What makes Singapore unique as a fintech hub compared to other markets?

Its large population

Its focus on cryptocurrency

Its community-driven ecosystem

Its geographical location

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major challenge for fintech startups as mentioned in the third section?

High competition from traditional banks

Regulatory hurdles

Lack of interest from investors

Funding and innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region is showing strong growth in fintech according to the third section?

Southeast Asia

North America

Australia

Europe

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the predicted future of banking in the next 20-30 years?

Traditional banking will remain unchanged

Banks will completely disappear

Banking processes will become invisible and integrated into daily life

Banks will only exist online

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is deep tech important for Singapore's economy?

It is a trend in the tech industry

It focuses on consumer technology

It reduces the need for human labor

It supports the B2B sector

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does B2B play in Singapore's digital economy?

It is the main driver

It is only relevant to large corporations

It is unrelated to deep tech

It is a minor aspect