The event saw the launch of a new S$12 million blockchain research program that aims to accelerate development and adoption of the technology, as well as the introduction of Project Greenprint, a new tech platform that connects SMEs and fintech companies working on green and sustainable projects to financial institutions and investors. Closing Date: 10 July 2020, 2359 hrs Applications are now closed. Regional access to customers and partners: Singapore is well-positioned to be a regional FinTech hub, as it provides access to a wide pool of customers in Southeast Asia and an extensive network of partners that have their regional headquarters in Singapore. 60,000+ Attendees in 2019. Moreover, the concentration of FinTechs in Singapore and their diversity in terms of their business models demonstrate that Singapore is an attractive FinTech centre. As for MatchMove, it permits companies to provide a completely branded secure … Singapore’s fintech industry continued its momentum in 2020 on the back of new regulations, fintech initiatives from regulators themselves and the introduction of the city state’s very first digital banks This allows for a more holistic view and understanding of one’s finances, MAS said. At the annual Singapore Fintech Festival (SFF), MAS stressed its commitment towards blockchain, green finance and open banking. Business and Tech talent pool: Singapore has a deep existing talent pool as a result of the initiatives implemented over the past five years to incorporate interdisciplinary skillsets into the curricula for higher education and provide upskill training courses for the existing workforce. Singapore also recorded an all-time high FinTech investment of S$ 1 billion in 2019, and a 19% Y-o-Y increase in FinTech investments in the first half of 2020, amidst the COVID-19 pandemic. This year the theme was “Building Resilience, Seizing … A highly anticipated fintech development that took place this year was the granting of the city state’s first digital banking licenses. Hear live content from over 40 FinTech … FinTech funding has risen steadily to fuel this growth, exhibiting resilience amidst the pandemic. All fees payable for the tickets are in Singapore Dollars and are subject to an additional 7% Goods and Services Tax (GST). 2. Singapore FinTech Landscape 2020 And Beyond. All four digital banks are expected to go live by early 2022, according to a Straits Times report. Hock Lai Chia, Founding President, Singapore FinTech Association Janet Young, Managing Director, Head of Group Channels and Digitalisation, United Overseas Bank Limited Jeff Cruttenden, Co … With the recent launching announcement of the 4 digital banks in Singapore… The MAS Global FinTech Innovation Challenge comprises 2 distinct competitions; MAS Global FinTech Hackcelerator and MAS FinTech … Fintech funding declined to US$68 million in Q1 2020 to but significantly rebounded in Q2 2020 to reach US$278 million. They are also allowed serve corporate customers. As the sector matures in the coming few years, later-stage funding will also develop. Lincoln is an Asia FinTech Leader and Under 30 Fintech Leader - Singapore FinTech Awards 2019, he is also a visiting lecturer for Japan Financial Services Agency and visiting lecturer at Nanyang … Embracing a Mobile Culture: How to Satisfy Customers Without Compromising Security, Financial Services Specialist - Payments, Asia Pacific, Accuity: Four Digital Payment Trends in 2021 for Banks and Payment Service Providers. To support this growth, Singapore should continue to attract global investors to the region. Our Expertise. "FinTech for an Inclusive Society and a Sustainable Planet" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Singapore FinTech Festival 2020 on 8 December 2020 In his keynote speech at SFF x SWITCH 2020, Mr Ravi Menon, Managing Director, MAS, spoke on leveraging FinTech … Deal share by stage for FinTechs in 2019, Singapore Fintech Landscape in 2020 and Beyond, Oliver Wyman, Singapore Fintech Association, Dec 2020. The Singapore FinTech Festival (SFF) is the world’s largest and most inclusive FinTech event that brings together heads of state, financial and technology leaders, FinTech founders, policy makers, investors … 800+ Global Speakers . A growing number of global reports and rankings pinpoint Singapore as a region to watch for both current and future potential. by Fintechnews Singapore December 11, 2020 The Monetary Authority of Singapore (MAS) has announced the results of the MAS Global FinTech Innovation Challenge 2020. There is no need to provide the name and stamp of your organisation if you're contributing … Organized by the Monetary Authority of Singapore (MAS), Singapore Fintech Festival 2019 saw more than 60,000 participants from 140 countries As of February 2020, MAS has signed 33 FinTech Co-operation … The Monetary Authority of Singapore (MAS) launched the MAS Global FinTech Innovation Challenge which seeks to identify … Local digital payments startup MatchMove told the Financial Times in September that the number of inquiries from companies wanting to digitalize their payment system had “shot up 10 times” from the beginning of the year and that staff couldn’t keep up. Fintech adoption is projected to increase in the near future with about 73% of Singaporean businesses expecting to use at least one fintech product or services within the next 12 months, a regional survey by professional accounting body CPA Australia found. by Fintechnews Singapore December 17, 2020 Despite global turbulences caused by COVID-19, the Singapore fintech industry remained resilient in 2020 on the back of new favorable rules, fintech … All Rights reserved. 240+ Hours of World-Class Content. In 2020, the excitement around the launch of Hong Kong's digital banks and the awarding of Singapore's digital banking licenses was palpable and dominated much of the (non-Covid) fintech … Tap into SFA’s extensive global … An industry survey conducted earlier this year found that 66% of fintechs saw an increase in demand in their business during COVID-19, and 40% believe that the increase is likely to be sustained over a longer period of time. Despite global turbulences caused by COVID-19, the Singapore fintech industry remained resilient in 2020 on the back of new favorable rules, fintech initiatives from the government, and increased demand for digital solutions. Leveraging SGFinDex, Singaporeans can consolidate all of their finances through financial planning services offered by financial institutions as well as through MyMoneySense, a free financial planning digital service offered by the Singapore government. Live 24 hours a day for 5 days and in 40+ FinTech hubs around the world. Digitalization To Redefine The New Normal. Comparison of FinTech investments in Asia versus Singapore, Singapore Fintech Landscape in 2020 and Beyond, Oliver Wyman, Singapore Fintech Association, Dec 2020. The job market is however recovering steadily as local FinTech investments rebounded in the second quarter of 2020 from US$68Mil to US$278Mil, creating more employment opportunities. Oliver Wyman Ideas offers our most recent insights on issues of importance to senior business leaders. This article was first published on December 8, 2020. In July, MAS proposed new regulation that would expand its supervisory powers in a range of areas including additional powers to take enforcement action against individuals, to apply new licensing requirements to certain types of virtual asset service providers, and to impose technology risk management requirements. Employees Of Oliver Wyman Enabling Racial & Ethnic Diversity (EMPOWERED), Students And Recent Graduates Application. Coupled with progressive attitudes towards FinTechs and the introduction of new guidelines to provide clarity, regulators have helped encourage innovation in the sector. The growth trajectory of Singapore’s FinTech industry has been impressive to date. It also includes a licensing regime for digital asset exchange and platforms. 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