Malay/Muslim Businesses in FinTech

The Monetary Authority of Singapore (MAS) stated that “FinTech is transforming financial services in a way not seen before. Big Data has the biggest potential in the transformation of financial services.”1 MAS has started to analyse and combine large data sets to gain richer insights into customer behaviour and needs, identify fraud or anomalies in financial transactions, and sharpen surveillance of market trends and emerging risks.

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