Did you know that despite what appeared to be a tough time for funding and valuations, the global fintech report coauthored by Boston Consulting Group and QED Investors in June this year noted that the global fintech market remained a hotbed for innovation and growth. 

The firms expect fintech to reach a market size of US$1.5 trillion in revenue by 2030. That’s about a five times growth from numbers seen at the time the report was written.

However, the report, which was based on interviews with over 60 global fintech CEOs and investors, noted that the rules of the game are changing, with growth at all cost, in their words, “no longer the watchword”.

So what are the major themes shaping the financial technology sector in the longer term? What are the headwinds facing the industry right now and how far are they short-term corrections? 

And more importantly, what role will Singapore play in the growing fintech space for startups and industry heavyweights?

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian posed these questions to Shayan Hazir, Chief Digital Officer of ASEAN at HSBC and Reuben Lim, CEO at the Singapore FinTech Association.