Regulating Fintech in Singapore

The video discusses a regulatory framework focusing on an activity-based approach rather than an entity-based one. This method tailors regulations to specific activities, such as payments and deposit holding, rather than applying a full range of regulations to all entities. The approach aims to balance risk management with a customized regulatory burden. The video also compares this approach with those of other countries, highlighting a collaborative effort with industry players to build regulatory architecture, including E KYC utilities and payment systems.

What is the main difference between an activity-based approach and an entity-based approach in regulation?

How does the regulatory framework aim to balance risk management and supervision in the fintech sector?

Why is it important to customize the regulatory burden according to the activities of fintech players?

In what ways does the approach to fintech regulation differ from that of other developed countries?

What role does collaboration with industry players play in the regulatory approach discussed?