For years now, financial technology (fintech) has been disrupting the banking and insurance industries. And you can expect fintechs to play an even more influential role in the pandemic-stricken financial services landscape.

“With the continuous threat of COVID-19, governments such as ​Singapore and ​Malaysia’s Penang state are already encouraging digital finance and e-payments as a means to reduce physical contact and curb the spread of the virus,” Singlife Founder and Group CEO Walter de Oude told Digital Life Asia.