Singapore FinTech Festival 2018

Nov 12, 2018 05:50 AM

Economic growth to gain from AI

ARTIFICIAL intelligence (AI) can bring additional economic output of around US$13 trillion by 2030, boosting global GDP...

Singapore's fintech drive arcs towards financial inclusion

THE fintech wave will cast a wider net to capture smaller corporates cut off from financing, in a push by the Monetary Authority of Singapore (MAS) for small and medium-sized enterprises (SMEs) at home and in the region to give improved access to technology services and to credit.

MAS launches US$5b kitty to woo fund managers to drop anchor here

THE Monetary Authority of Singapore (MAS) is making a US$5 billion move to anchor fund managers in Singapore, in preparation for a scale-up in private market activity.

E-payment war morphing from single to paired fighters

THE e-payment fight has taken on a new complexion. Facing each other on the frontlines are no longer single warriors - be it a Super App, fintech startup or financial incumbent - but newly-formed teams of unicorn and incumbent.

Banks told to shed 'legacy stuff' for real innovation to happen

FINANCIAL institutions need to adapt their culture in the age of disruption in order to see real innovation.

More work needed in regulations, industry to grab blockchain opportunities: panel

BLOCKCHAIN is no longer just a hype. There are real opportunities in using the technology for the economy, but regulators need to work with each other and the industry to support its growth, said international panellists during discussions at the Singapore Fintech Festival on Monday.

UOB powers growth with data

UOB has taken big steps this year to ramp up its investments in data analytics, and plans to build a digital bank that will better capture the mobile-first demands of the next generation of customers.

Prudential partners Babylon Health to help clients manage their health

BABYLON Health is the first AI-enabled health service offered by an insurer across Asia that enables users to assess their current and future health needs, according to Prudential.

Fintech jigsaw pieces falling into place

SINGAPORE is eager to have financial institutions and fintech companies here claim a bigger stake in the use of artificial intelligence (AI), leveraging data analytics to drive efficiency and raise financial inclusion at the same time.

AMTD sees S'pore as regional gateway

IN the long-standing rivalry between Singapore and Hong Kong for dominance as Asia's financial hub, not everyone sees a need to pick a side.

Visa brings its global innovation programme to Singapore

VISA'S Everywhere initiative (VEI) is coming to Singapore.

Mastercard plays its part in digitising trade

MASTERCARD is tying up closely with Singapore's efforts in digitalising the trade value chain as it integrates Mastercard Track, its own unique global trade platform developed in collaboration with Microsoft, with Singapore's own Networked Trade Platform (NTP).

Understand needs of customers: GIC

GIC is no stranger to investing in technology. The sovereign wealth fund was an early supporter of the venture asset class, opening its office in San Francisco, home to Silicon Valley, more than 30 years ago.

Only connect

WE take a closer look at the benefits and trade-offs that should be managed in the data economy, as businesses seize the advantages that come from automating processes and in using data to drive financing.

Singapore FinTech Festival promises to be a treat

LIKE any other industry, the Meetings, Incentives, Conventions and Exhibitions (Mice) industry is in the thick of a disruptive era fuelled by the digital economy as well as the increased sophistication of today's customers.

Unpacking the AI puzzle

A FIERCE battle for the consumer is ahead in the financial industry, as the use of artificial intelligence (AI) will bring about speedy commoditisation of the service, punishing the incumbents who loathe collaborating with new data-driven players or who are too slow to innovate.

Asean a magnet for Asian fintech firms

THE Asean region is an attractive target for growth by fintech firms, with Singapore as a clear beachhead for such startups looking into regional expansion.

Region offers expansion opportunities

A STUDY conducted on behalf of Westpac Banking Corporation and Austrade showed that Asean is seen as an expansion opportunity for fintech entrepreneurs, but there are challenges in navigating different and complex regulatory systems across the region.

From Nets to PayNow - e-payments have evolved

IN the last 45 years, the banking industry has played a key role in Singapore's remarkable transformation into a global financial hub, with its contribution to the country's GDP increasing from single digit to just over 13 per cent in 2017.

Cloud can be used to spur innovation

ASEAN is the world's sixth-largest economy and is on track to become the fourth largest by 2030, behind the European Union, the United States and China.

Prudential powers ahead in tech with AI health platform

IN an industry that has been seen as slow to change, Prudential is cutting through the perceived inertia and reinventing itself by working with the latest breed of technology-fuelled firms.

'Democracy' in the banking sector

THE rise of the cloud has "democratised technology" across entire industries, said Ulku Rowe, technical director of financial services at Google Cloud.

Building a castle on the cloud

SOUTH-EAST Asia is abuzz with the fintech trend at startups and banks alike, said Tim Synan, Google Cloud's region head.

Key trends observed by GIC

Technology is reshaping entire industries, so there is a need to look beyond traditional investment categories.