In a commentary, SMU Sim Kee Boon Institute for Financial Economics Executive/Academic Director Professor David Lee Kuo Chuen and SMU Senior Lecturer in Strategic Management Yan Li wrote about the importance of Singapore as a global financial hub, as well as innovation in digital financial inclusion in traditional banking. Professor Lee and Senior Lecturer Yan said that traditional banks must change their organisational structure to one that depends less on key performance indicators, but which focuses more on the “LASIC” principles of Low Margin & Low Barrier; Asset Light; Scalable, Innovative and Compliance Easy.