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Singapore Prepares to Kick off Second Annual Fintech Festival

by on November 13, 2017
 

Fintech is of great interest to the government of Singapore. Thanks to some lenient regulation, firms and startups can genuinely boom in this region. The Monetary Authority of Singapore is excited kicked off the second Fintech Festival. This weeklong event will hopefully create some new partnerships and collaborative opportunities. This region wants to be at the forefront when it comes to financial innovation, that much is evident.

It is the second iteration of the Singapore Fintech Festival. Last year’s edition drew a great response and helped solidify the country’s position in the financial sector. It is expected this year will see over 25,000 participants from over 100 different countries. Especially the Investor Summit will be of great interest to a lot of people. Local startups will access funding from both domestic and international investors.That is, assuming their pitch is attractive enough.

An Exciting Week Lies Ahead for Singapore

Another event well worth keeping an eye on is the Fintech Hackcelerator. There will also be an award ceremony, as well as multiple community and networking events. With an even bigger interest compared to last year, things are looking pretty good for Singapore. There is still a long way to go, though. One doesn’t become a global financial technology hub overnight. Right now, this weeklong event is the largest Fintech Festival around the globe. Rest assured there are competitors on the horizon, though.

MAS Chief Fintech Officer Sopnendu Mohanty comments:

“There will be many opportunities for financial institutions and FinTech companies to come together and collaborate on value-adding partnerships. We are excited to build on the success of the inaugural Festival last year, and continue in our efforts to foster a thriving global FinTech ecosystem. It is a key thrust of our efforts to establish Singapore as a Smart Financial Centre and a transformational FinTech hub.”

The crown jewel of this event is the three-day Fintech Conference. With over 160 industry leaders representing central banks, regulators, and VC firms among other things, there is a genuine interest in this conference. Even Queen maxima of the Netherlands will speak on using inclusive technology to establish a better future. A total of nine key items will be addressed during the event itself. There is a lot to look forward to, that much is certain.

Header image courtesy of Shutterstock

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