MAS kicks off Singapore FinTech Festival on November 13

The Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and SingEx Holdings, is holding the second edition of the Singapore FinTech Festival, starting today.

The week-long event will offer a platform for connection, collaboration, and co-creation for the FinTech community around the world. More than 25,000 participants from over 100 countries are expected to attend this year’s festival.

The key highlights of the event include

• Innovation Lab Crawl (13 November): 24 FinTech innovation labs across Singapore will showcase their solutions and offer tours and exhibitions to demonstrate their latest solutions.
• Open Banking Masterclass: Participants will get an in-depth understanding about the architecture and design of an open banking system and how collaboration between financial institutions and fintech companies can enable innovative solutions for better customer experience.
• FinTech Conference (14-16 November): More than 160 leaders from central banks and regulatory agencies, financial institutions, venture capital firms, and fintech companies will be speaking at the conference.
• Global FinTech Hackcelerator (16 November): It will showcase 20 market-ready fintech solutions that were shortlisted from amongst 580 global submissions. These solutions are intended to solve real-life industry problems in four areas, including customer-facing solutions, regulatory technology (RegTech), and financial inclusion.
• FinTech Awards (16 November) will recognise the most outstanding innovative FinTech solutions that have been implemented by FinTech companies, financial institutions, and technology companies.
• Investor Summit or “Deal Day” (17 November), introduced this year, will showcase investment-worthy start-ups and disruptive technologies to local and global investors.

“We are pleased that the Singapore FinTech Festival has grown this year, to become the world’s largest FinTech Festival. It is a synergistic platform for the global FinTech community to spark new ideas and gain valuable insights. 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,” Sopnendu Mohanty, Chief FinTech Officer, MAS, said.