Singapore - The Fintech Nation
Relentless Pursuit of Excellence - Journey of Singapore to become THE FINTECH NATION
The slogan of "Dream big. Start small. Move fast" brought together regulators, startups, investors, corporates, and everyone else to achieve a common goal. One of Singapore's critical superpowers is a national character built on survival instinct and a distinctive obsession with being successful. Singaporeans, by nature, are Kiasu, and they wear it as a badge of honor.
The COVID-19 crisis triggered a significant stimulus into the economy, with fintech driving the execution of several of these. The key principles which established Singapore as a Fintech Nation have been an obsession with excellence referred to as RFFL (Right First, Fast Later), a unique model of economic and legal policies known as Singanomics, and lastly, an organized and controlled model of a new idea development termed Garden Innovation.