News18 May 2017

Singapore:"Deal Day" to feature in FinTech Festival this year

18 May 2017

The Monetary Authority of Singapore (MAS) has announced that the second edition of the Singapore FinTech Festival is to be held in Singapore from 13 to 17 November 2017, with the addition of an Investor Summit or "Deal Day" in the programme line-up.

The Summit will showcase investment-worthy Singapore-based start-ups and disruptive technologies to local and global investors, with a view to facilitate FinTech investment deals.

The week-long Festival will build on the success of the inaugural Festival last November, which drew more than 13,000 participants from across 60 countries. The Global FinTech Hackcelerator, FinTech Awards and the FinTech Conference will continue to be the key components of this year’s Festival.

Participants can look forward to a richer programme for this year’s FinTech Conference. 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 in a single location - Singapore Expo - to allow participants greater access to the various discussions.

The various tracks of the Conference will include Data Analytics, Tech Risk/Cyber Security, RegTech, FinTech Application and FinTech Financing. The Conference will look at FinTech developments across developed and emerging markets, as well as how technology can be harnessed to enhance financial inclusion and support growth in emerging economies.

Attendees at this year’s Festival will comprise FinTech players, policy makers, financial industry leaders, private equity/venture capitalists, investors, technopreneurs, and academics. Greater participation is also expected from ASEAN and other emerging markets such as Africa and Latin America.

MAS is staging the Festival in partnership with The Association of Banks in Singapore (ABS) and in collaboration with the venue management and consultancy group SingEx Holdings.

Global FinTech Hackcelerator

The Global FinTech Hackcelerator, powered by KPMG Digital Village, will select up to 20 teams globally with innovative solutions to problem statements solicited from the financial services industry. This year, there will be three focus areas:

a. Customer-facing solutions: Solutions can cut across multiple sectors such as banking, insurance, payments, etc. Examples include a financial planning app, a chatbot for account transaction, and a payments solution for small businesses.

b. Financial inclusion: Solutions that aim to provide individuals and businesses access to useful and affordable financial services. Examples include solutions for the older generation, financial services for those in rural regions, and alternative financing options for small businesses.

c. RegTech: Solutions that help financial institutions manage their risks better, and fulfil their compliance and regulatory requirements more efficiently.

Solutions that do not fall into the abovementioned three areas are also welcome.The call for submissions for this year’s Global FinTech Hackcelerator is open and submissions will be accepted until 15 July 2017.

FinTech Awards

The FinTech Awards recognise innovative financial technology solutions that have been implemented/deployed by FinTech companies, financial institutions, and technology companies. To qualify, the projects must have been implemented/deployed before 30 June 2017.

Entries could fall under any of the following categories:

a. MAS FinTech Awards (Singapore Founder)

b. MAS FinTech Awards (Singapore SME)

c.MAS FinTech Awards (Singapore Open)

Under categories (a), (b) and (c), the participant must have a physical office registered in Singapore and the solution must have been implemented/deployed in Singapore.

d. ABS Global FinTech Award: FinTech project implemented/deployed in any part of the world.

The call for submissions for this year’s awards is open and submissions will be accepted until 31 July 2017. The winners will be unveiled at the FinTech Awards ceremony, which will be held on 16 November 2017.


 

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