Financial convergence opens doors for remisiers

Industry shift: People walk along the riverside with the central business district in the background in Singapore. This industry convergence is happening as technology reshapes the way people invest. — AP

SINGAPORE: Stock brokerages need to transform as they grapple with changes across the financial sector, says PhillipCapital founder and executive chairman Lim Hua Min.

Lim noted that brokerages, banks and other financial services are converging, blurring the lines that have marked out these operations and creating new opportunities in the process.