Singapore eyes luring British FinTech talent post-Brexit

It's in line with its plan to become a leading fintech hub.

Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's central bank.

"First thing after Brexit happened, we talked about talent - talent coming out of the UK," said Sopnendu Mohanty of the Monetary Authority of Singapore at a panel discussion at Singapore's first FinTech festival.

"I agree they have a huge pool of talent and it's good to have something like that so we can take some talent out.

Britain's economic secretary to the treasury Simon Kirby, one of the officials in attendance, told the audience that London will remain a leading financial center, though he acknowledged that Singapore might be able to lure some of the talent.

Read more here from Reuters.