October 29, 2018
Singapore FinTech Festival provides a platform for collaborations, connection, and co-creation within the FinTech ecosystem in Singapore and beyond. The festival is organized by the Monetary Authority of Singapore (MAS) in partnership with the association of banks in Singapore and in collaboration with SingEx Holdings.
Popular segments from the previous editions of the Festival will be refreshed and enhanced, and new segments such as AI in Finance Summit and MATCH (Meet ASEAN’s Talents & Champions) have been introduced. The Singapore FinTech Festival will take place on November 12–16, 2018 and will feature a series of exciting events.
The three-day program will cover nine broad topics:
Future of Banking
Future of Money
ASEAN FinTech Opportunities
Tech Risk and RegTech
Global Investor Summit
Themed AI in Finance Driving Global Progress, the summit is a new addition to the Singapore FinTech Festival this year. The summit will include leaders’ dialog sessions, a panel discussion on topics like the future of AI – from customer intelligence to customer experience; the intersection of data, AI, cloud, and quantum computing; AI investments; AI & a politically and sustainable economy and the latest AI developments, etc. Hear from the leading AI visionaries and global experts on how AI is impacting the world of finance and beyond.
This year, the Investor Summit has expanded to go beyond FinTech to include other sectors. The Global Investor Summit connects the global capital to the ASEAN enterprise communities to showcase the best of next-generation ASEAN startups and growth enterprises across all sectors.
Attendees can look forward to India, China, and ASEAN leaders’ dialogues covering key themes such as investment capital raising strategies, investing for impact, and many more.
MATCH is a deal-making portal, which curates and matches promising ASEAN companies with global private equity and venture capital investors to facilitate investment deals. More than 17,000 matches were generated between the 380 participating investors and 840 enterprises. MATCH builds on the success of the Singapore FinTech Festival’s Investor Summit 2017 by expanding the scope of the deal-making platform to all sectors – FinTech and beyond FinTech.
MAS has announced that the 380 participating investors have indicated intentions to invest up to a total of US $6.2 billion in ASEAN enterprises next year, and an additional US $6 billion earmarked over the subsequent two years.
MATCH: Deal Day was hosted in Singapore on October 5 and powered over 400 curated face-to-face meetings between investors and companies that matched their investment thesis.
The Global FinTech Hackcelerator will create impactful, market-ready FinTech solutions that solve real industry needs in three focus areas (Financial Inclusion, InsurTech, RegTech, and SupTech) and a general category.
Up to 20 global finalist teams are shortlisted from 514 submissions to receive cash stipends of S$20,000, mentorship by industry experts, access to potential clients and investors, and an opportunity to win cash prizes totaling S$150,000.
The FinTech awards recognize innovative financial technology solutions that have been implemented or deployed by FinTech companies, financial institutions, and technology companies.
To emphasize the focus on ASEAN this year, the FinTech awards expanded its scope for the SME and open categories to include ASEAN participants.
The award categories have been revised to include more participation from ASEAN countries. ASEAN ‘PitchFest’ was a new component introduced this year where top companies from each ASEAN country pitched their solution at the SFF roadshows. The winner from each ASEAN country is fast-tracked into the finals of the FinTech Awards.
A total of 40 startups will be competing, including finalists who were shortlisted by a panel of industry judges from 210 submissions as well as the 9 winners from the ASEAN PitchFest, for a total cash prize of S$1.2M. These finalists will also be exhibiting their solutions at the Singapore FinTech Festival.
The list of competing finalists with their solutions includes:
2359 Media (Botbot.AI)
Bondlinc (Bondlinc Product Catalogue Service)
Call Levels (Claire)
Cynopsis Solutions (Artemis)
DAYLI Financial Group (Smart Wealth Management)
DBS Bank Singapore (Customer Science)
FinAccel Teknologi Indonesia (Kredivo)
FinAi S.A. (FinAi)
Finantix Asia Pacific (smartKYC)
First Data (First Data Tab Boarding)
HydraX (HydraX Trading and HydraX OTC)
Katipult (Katipult Crowdfunding Platform)
Keychain (Data Provenance for Small Internet of Things Devices)
LenddoEFL (LenddoEFL alternative data credit score)
Maybank (Maybank2u Pay)
Naffa Innovations (ToneTag)
OneConnect Smart Technology (Big Data-based customer profiling (e-KYC))
Privé Technologies (Prive Managers)
R5 (R5-SHCH Connect)
SQREEM Technologies (SQREEM AI insights, Media & Attribution Buying Platform)
Symphony Communication Services (Symphony)
Thin Margin (Thin Margin)
Valocity (Valocity Platform)
Zumata Labs (Etiqa Insurance Chatbot)
This island-wide event will be extended to two days to allow visitors to spend more time at over 25 innovation labs to discover the latest FinTech products and solutions.
The Singapore FinTech Festival has grown in scale and scope over the past two editions and has contributed to the growth of the FinTech ecosystem in Singapore and the region. We look forward to welcoming FinTech players & stakeholders from all over the world to Singapore, and to work with them to create new value and promote financial inclusion through innovation, digitalization, and connectivity. – Sopnendu Mohanty, Chief FinTech Officer, MAS
The 2018 MATCH exercise demonstrates the upward momentum in both the supply of and demand for growth capital in ASEAN. The interest of the global investment community in our region is promising. MATCH presents a great opportunity to ensure that private capital is deployed towards the development of promising ASEAN enterprises. MAS is committed to supporting this process. – Jacqueline Loh, Deputy Managing Director, MAS
Last year, the festival drew more than 30,000 participants from over 100 countries, comprising FinTech players, technopreneurs, policymakers, financial industry leaders, investors including private equity players, venture capitalists, and academics. More than 5,000 companies were represented at the festival last year.