Singapore PM Urges Banks to Keep Current With Blockchain Tech

Singapore PM Urges Banks to Keep Current With Blockchain Tech

The Prime Minister of Singapore has urged the country's banks and regulators to keep up to scratch with technological developments such as blockchain technology. Speaking at the United Overseas Bank 80th anniversary dinner held in Singapore yesterday, Prime Minister Lee noted the challenges currently facing the financial industry and highlighted the importance of keeping abreast with technological developments in order to remain competitive. He said: "Looking ahead, the banking industry is entering a new challenge ... The operating environment has become more challenging, but on top of....


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