27 Jun 2016   

ISCA CEO, Mr Lee Fook Chiew, was interviewed by The Business Times on the question of "How do you think fintech innovations can potentially impact your business, and your life?" This is what he has to share:

Fintech has a potentially far-reaching impact on the work of accountancy and finance professionals. In order to play their role as strategic advisors to businesses, accountants need to understand what opportunities fintech offers, including new sources for raising capital such as peer to peer lending and crowdfunding. 

These may be especially helpful to small firms and start-ups in obtaining credit, as these businesses may not have the financial track record to obtain loans from banks.  

It is important for our members to be in the know about these innovative technologies, and we aim to support our members by providing them with the resources to stay abreast of latest developments impacting the profession.

- Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)

The interview was first published in "Views From the Top" in The Business Times on 27 June 2016.