1. The development of Singapore's financial technology industry will face the problem of talent shortage. As financial technology is a highly specialized field, professionals with specific skills and knowledge are needed to promote innovation and development.
2. With the growth of the financial technology industry, privacy and security issues have become more prominent. Financial technology companies need to ensure that their products and services can protect users' personal information and financial data to prevent potential cyber attacks and data leakage.
3. The development of financial technology industry will trigger new regulatory challenges. The government and regulatory agencies need to formulate appropriate policies and regulations to ensure that the operations of financial technology companies meet the legal requirements and protect the interests of consumers.
4. Competition in Singapore's financial technology market will intensify. With more and more financial technology companies entering the market, enterprises need to constantly innovate and improve their service quality in order to remain competitive.