Is crowdfunding a serious threat for Singapore banks? (1/3)

Digital revolution is disrupting corporate finance.

With the proliferation of alternative forms of finance, it is not inconceivable that crowdfunding via online platforms could become a major source of corporate finance. Some industry players have observed that traditional banks have been slow to respond to the digital innovations that are radically changing business models.

In this first installment of a 3-part series, Singapore Business Review spoke with several experts who exchanged ideas during the recently concluded ACCA Singapore Annual Professional Debate 2015. They bring up strong and compelling points for the motion – “In the midst of the digital revolution, Singapore’s largest banks today will relinquish their position as the dominant players in corporate finance in 2025.”

SBR: Will alternative forms of finance such as digital online financing platforms (crowdfunding, peer–to–peer (P2P) business lending) take over corporate finance from traditional banks?