At the 5th Annual Sim Kee Boon Institute for Financial Economics Conference 2015 held by SMU on May 6, industry players said that Singapore is well-positioned to tap the massive prospects of financial technology (FinTech). DBS Bank and Standard Chartered Group, among other industry players, also said during the conference that opportunities in digital banking will continue to be driven by the increase in mobile usage, the rise of the sharing economy, and the expansion of big data.