MAS' Menon Warns on Fintech Hype

Nov.06 -- Singapore's central bank chief has issued a warning on the wave of technology that's sweeping financial services. He says don't believe the hype. Ravi Menon says while innovation such as blockchain and big data analytics can result in powerful applications, investors should be wary of peer-to-peer lending platforms and cryptocurrencies. Bloomberg's Stephanie Phang reports on "Bloomberg Daybreak: Asia."