Fintech's booming, but is it a new dotcom bubble?

Its prospects seem rosy, but Singapore's central banker is beginning to see parallels with the early 2000s dotcom collapse. Investors are wary of political risks and governance problems.

Fintech hype is reaching a crescendo in Asia, as innovators turn to the burgeoning cryptocurrency markets and peer-to-peer lending to lure investors to bet on ideas that could transform the way we live.

But take a step back ... haven't we been here before In the late 1990s, a host of companies promised to take every aspect of life online and investors couldn't get enough, until most of the business models proved uneconomical, and only a handful were left standing.

Is history repeating itself Ravi Menon, managing director at Monetary Authority of Singapore, said he saw the potential for “some collapse in the bubble...

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