MAS to create matchmaking opportunities at Fintech Festival
Singapore
EXPECT a bigger Singapore Fintech Festival this year, with the Monetary Authority of Singapore (MAS) hoping to create matchmaking opportunities between Singapore-based fintechs and investors.
The MAS, which on Tuesday announced the second edition of the festival, also expects greater participation from Asean and other emerging markets such as Africa and Latin America. The festival this year will be held from Nov 13 to 17, and will be organised together with Temasek's SingEx Holdings and the Association of Banks in Singapore.
In a media statement, Sopnendu Mohanty, MAS chief fintech officer, said: "The Singapore Fintech Festival is an excellent platform for key stakeholders of the global and regional fintech community to connect, learn from one another, and co-create new solutions to real problems.
"Last year's festival was a great start. This year's festival will be brighter, bigger, better."
This year's fintech festival will discuss topics including data analytics, cybersecurity, regtech and fintech financing.
MAS this year will introduce an Investor Summit or "Deal Day". It said the Summit will showcase investment-worthy Singapore-based startups and disruptive technologies to local and global investors, with a view to facilitate fintech investment deals.
Global Fintech Hackcelerator, Fintech Awards and Fintech Conference will continue to be the key components of the festival.
The Hackcelerator will select up to 20 teams with solutions to problem statements solicited from the financial services industry. The event will focus on three areas.
The first refers to "customer-facing" services, with examples including a financial planning app, a chatbot for account transaction, and a payments service for small businesses.
The second focus is to do with financial inclusion, and the third is related to regtech services.
The total quantum for the MAS Fintech Awards is up to S$1 million, with award recipients each receiving between S$50,000 and S$250,000.
MAS will combine the agendas of the regtech forum, tech risk conference and fintech conference into a single multi-track conference spanning three days, to be held at Singapore Expo.
