Financial IT and FinTech are huge topics, on which there are many and varied opinions. What are the key concepts that really define the bigger picture?

The Singapore government is launching a dedicated office designed to help fintech startups set up in Singapore.

Interviewees: Rich Wagner, CEO and Founder of APS (RW) and Tony Craddock, Director General of the Emerging Payments Association (TC)

Financial IT: Rich, could you please explain who and what is APS?

RW: Advanced Payment Solutions (APS) is not a bank.We are a digital platform that provides banking services. We have been in operation for over 10 years, and have a strong position in the UK. We are certainly the leading independent e-money issuer, issuing debit cards to consumers, SMEs and the public sector throughour partnership with MasterCard.

Cash flow issues can sometimes get the best of all of us, including small businesses. Life's realities – employees who need to be paid at the end of the day, supplies that have to be purchased before the job is done – can send small business owners scrambling. Immediate deposit availability can fill this important need.

While motorists have undoubtedly been pleased with paying less at the pump, slumping fuel prices over the past year have had a wide economic impact, bringing many experts to the conclusion that the old ways of doing things should from now on be relegated to the past.

Securely logging in to mobile banking just got easier for U.S. Bank customers with the release of an updated version of the U.S. Bank Mobile app for iPhone®. The new app gives customers an option to use Touch ID for faster, more convenient access to their money, combined with the security of a unique fingerprint to login.