Fintechs have supported those efforts as they have been partners in that regard. a platform for matching entrepreneurs and investment capital. For instance, innovations in trade finance, such as wholesale cross border payments, have been coming out of the banking industry. By Christine Lagarde, IMF Managing Director Singapore Fintech Festival In Singapore, it is often windy. Chartsiri Sophonpanich, president of Bangkok Bank PCL, pointed out that Thailand and the ASEAN market is a relevant example of prevalent globalization, regionalization and digitization of platform. Samuel Tsien, Group CEO of OCBC Bank, commented that AI provides the ability to incorporate internal bank data with external big data information to explore and provide a much more valuable insight than before. 3 minutes read. Duke University; Download file PDF Read file. The 5-day round-the-clock Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) organised by the Monetary Authority of Singapore (MAS) and Enterprise Singapore (ESG) ended on 12 December 2020 View More. They also worked with the financial institutions on contextualizing solutions, and tapping on the institutions network for potential business opportunities. Mercado Credito, Patrick Ngugi Njoroge, Governor, Posted at 11:51h in Resource Articles by siird. Ong also announced the launch of MAS’ private market program, where the regulator will allocate US$5 billion of its own funds as part of its investment portfolio into the private markets asset class. He further mentioned the use of QR codes, which allow small merchants to be able to engage in digital transactions and reduce reliance with cash. Guests had an opportunity to mingle with more than 20 start-ups from around the region who showcased their solutions at 80RR on both days. The 2018 edition of the Singapore Fintech Festival conference, from November 12 to 16, 2018, will see expanded themes, more breadth in dialogues and discussions, as well as inclusion of the most current issues in fintech. The winning companies received a cash prize of S$50,000. Halls 1- 4, Singapore EXPO . Speeches. Singapore FinTech Festival 2020 article Cryptocurrencies Crypto Execs Say Finance Isn’t Ready for Digital Transition 12/9/20, 5:24 AM EST Share on linkedin. Christine Lagarde, Managing Director of the International Monetary Fund addressing at the Singapore FinTech Festival in 2018. During a panel discussion, ASEAN fintech leaders from Funding Societies | Modalku, Coins.ph, Ascend Money Co. Ltd., and Jirnexu, shared their predictions on the future of their industry. Alibaba Digital Economy Institute, Chris Colbert, Managing Director, Perry Warjiyo, Governor, Bank Indonesia, Peter Schwartz, Senior Vice President, Strategic Planning, Salesforce, Ruchir Puri, CTO & Chief Architect, IBM Watson, Sanjiv Bajaj, Managing Director, Bajaj Finserv, See the full agenda and list of speakers here, Check out these hotel discounts and exclusive travel deals to help you, 80 Robinson Road #08-01, Singapore 068898, © 2018 Singapore FinTech Association | All rights Reserve | Data Protection Policy | Company UEN: T16SS0197E, Ringside view from global bank CEOs and tech leaders, Views from the leaders of the Global Multilateral Agencies, a global competition of FinTech solutions, and. Online Exhibition. Singapore FinTech Festival 2018: Key Takeaways . 40+ Global Satellite Events in FinTech hubs around the world, comprising physical and digital formats; SFF 2020 BY THE NUMBERS. Explore the key themes. From Singapore FinTech festival 2018 – the world largest Fintech event has been annually held in November, this year is in its third year which has been tremendously successful. The Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS), and in collaboration with SingEx, extends a warm welcome to participate in the Singapore FinTech Festival 2018 (SFF 2018). "Singapore FinTech: Innovation, Inclusion, Inspiration" - Presentation by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore at Singapore FinTech Festival 2018 on 12 November 2018 Ladies and gentlemen, good morning. Online Networking, … The finalists underwent a 12-week intensive mentoring program with corporate champions, including MAS, KPMG and industry mentors. Singapore FinTech Festival 2018 is here! November 14, 2018. Winds here bring change, and opportunity. In 2017, just under half of the population has a smartphone and the figure will increase to 65%. It is our pleasure to welcome the international FinTech community back to Singapore in 2018! 40+ Global Satellite Events . Embracing a Mobile Culture: How to Satisfy Customers Without Compromising Security, Financial Services Specialist - Payments, Asia Pacific, Accuity: Four Digital Payment Trends in 2021 for Banks and Payment Service Providers, Second prize (SG$100,000): SQREEM Technologies PTE Ltd, Third prize (SS$50,000): Finantix Asia Pacific Pte Ltd, First prize (SG$150,000): FinAccel Teknologi Indonesia, Second prize (SG$100,000): Cynopsis Solutions, Second prize (SG$100,000): Naffa Innovations. Historically, they blew ships to its port. The 2018 Singapore Fintech Festival, which took place from November 12 to 16, 2018, brought together more than 40,000 participants from over 100 countries in the biggest gathering of the global fintech community ever. © 2015 - 2021 Copyright CK Finanzpro GmbH. Enter it here. These funds will be placed with top global private equity and infrastructure fund managers that are committed to deepening their existing presence or looking to establish significant presence in Singapore. Change is the only constant,” wrote the ancient Greek philosopher, Heraclitus of Ephesus. November 12 – 16, 2018 Platform for the Global FinTech Community. Being one of the largest fintech events in the world, the festival was held from 12-16 November at the Singapore Expo Centre. World-Class Content 24-hours for 5 Days. What a buzzing event it was! One area in particular that’s witnessed rapid growth is the use of drones to collect information such as on climate, rainfall, agricultural farms and construction sites. Innovation, Inclusion, and Inspiration In November 2018, the third edition of the Singapore FinTech Festival drew close to 45,000 participants from almost 130 countries. The Festival continues to be the biggest FinTech event in the world, and provides a global platform for the FinTech community to connect, collaborate, and co-create. Experts noted the potential of smart contracts to create and execute an efficient business logic, eliminating the complexity in the current contracting process. New Techniques to Mitigate Money Laundering & Terrorist Financing Risks [Video] Is data analytics the future of financial crime prevention? His belief is that as digital payments grow, digital lending will happen organically as payments companies obtain more data to use for underwriting. The world’s largest platform for the global FinTech community is back from 12 to 16 November! The winners of the MAS Fintech (ASEAN Open Category) Award were: The winners of the MAS Fintech (ASEAN SME Category) Award were: The winners of the MAS Fintech (Singapore founder category) Award were: Fintech Awards 2018 Singapore Founders Winners. Deep technologies, which include big data, AI, computer vision and drones, also have the power to disrupt the industry. Explore the key themes . Peter Ong, Chairman, Enterprise Singapore &Board Member, MAS. Data collected by these drones is helping insurance companies to improve their underwriting and pricing policies. Get information about our applications in the areas of credit risk management, compliance and our solutions for FinTechs. Fintech is widely regarded as one of the fastest-moving investment markets in the world, growing by one third in the past year. Banking on New Models in the Fintech Age Panel Discussion, 2018 Singapore Fintech Festival. In Europe, according to Accenture, 30% of new revenue is already coming from non-banks and big banks are rethinking their strategies. Date: 12 – 16 November, 2018 Venue: Singapore Making waves, this time in Asia, PayTabbers attended the Singapore Fintech Festival to network and collaborate with like-minded Fintech leaders and enthusiasts. Singapore FinTech Festival 2018 Innovation, Inclusion, and Inspiration 06 The ASEAN FinTech opportunity The various ASEAN markets are very diverse in terms of their needs, circumstances, and policy positions with regard to FinTech. Fintech Festival 2018 in Singapore - The Future of Funding. Published Date: 12 November 2018 "Singapore FinTech: Innovation, Inclusion, Inspiration" - Presentation by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore at Singapore FinTech Festival 2018 on 12 November 2018. Another topic that was at the center of the discussion was the ASEAN region and its numerous opportunities. 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