Singapore FinTech: Innovation, Inclusion, Inspiration

Presentation at Singapore FinTech Festival 2018 – 12, November 2018

Financial Services Built Around Us

Welcome to the third edition of the Singapore FinTech Festival (SFF).

  • This year, we have close to 40,000 participants from more than 100 countries.

  • SFF has become the biggest annual gathering of the global FinTech community. You guys made it happen. Thank you all for your overwhelming and unstinting support.

When we began our FinTech journey in 2015, we imagined a Smart Financial Centre where innovation and technology are pervasive.

  • We said we want to increase efficiency, manage risks better, create new opportunities, and improve people’s lives.

  • We didn’t know – we still don’t know – how the future will look like.

  • But we imagined what we want it to look like, and set about trying to create it.

Imagine a world where financial services are built around us – around our life and our needs.

Imagine a world where identity is human.

  • Imagine a world with no identity cards, no passwords, and no mothers’ maiden name.

  • We are who we are, not just what we have or what we remember.

  • This is how we have always identified one another throughout history – by recognition, more human, more natural.

  • But when we have large numbers of people and we don’t know one another, we had to resort to artificial means.

  • But advances in biometrics are now making identity human again.

  • Many banks are already letting us use our face as our new banking password.

    • Here in Singapore, OCBC Bank is already doing this.

Next, imagine a world where payments are invisible.

  • Our shopping experience will be transformed.

  • Cameras and sensors identify us and the items that we place in and out of our shopping bag.

  • And when we are done, we just walk out of the store!

  • No more checkouts, no more lines, and no more fussing with cash and credit cards.

  • Fantasy? Just visit Amazon Go – it is already happening.

Imagine a world where insurance is intuitive.

  • How many of us truly understand our insurance policies or are fully confident they will pay out when we need them?

  • Imagine a world where the payout is automatically triggered by events and is instantaneous.

  • No more lengthy claims forms, no more waiting time, and no more opaque processes.

  • Science fiction? Not quite.

  • MetLife’s Lumenlab here in Singapore is already making this a reality for gestational diabetes insurance. They are testing this out in MAS’ regulatory sandbox.

Imagine a world where financial advice is integrated.

  • Imagine our own personal financial dashboard on our mobile devices:

    • Giving us a complete view of our finances – pulling in data from banks we have deposits with, insurance companies we have policies with, and broker-dealers we have investments with

    • Not to mention, our pension or social security funds, tax liabilities, and mortgages.

    • All in one place: a personal balance sheet – in real-time!

MOST POPULAR

To read this article, create a free account

Already a member? Log in


Annual Subscription

12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.

$26/mo

TRY FREE FOR 7 DAYS

SKIP TRIAL

instant access to reports and global community along with donation to COVID-19 fund.

Quarterly Subscription

12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.

$49/mo

TRY FREE FOR 7 DAYS

SKIP TRIAL

instant access to reports and global community

--------------- Reasons to buy ---------------

Understand the “Why” Behind the “What”

MEDICI offers data-driven, original, unique, and forward-thinking content to understand the “why” behind the “what”

10,000+ insights, 100+ research reports, and 1,000+ videos based on data, collected and processed by top-in-class researchers with over seven years of experience in the financial service industry.

Actionable Insights

We do not stop at the data; we analyze it and extrapolate actionable insights that shape and forecast market trends. All of our pieces are neutral, authentic, and unique – this means that you can’t read them anywhere else!

Data Visualization

We do also care about design. It’s why our infographics are the most-used ones in company reports and the most shared ones on social media.

Growing Proprietary Database of 13,000+ FinTech Companies

We have one of the largest databases with more than 13,000 company profiles listed across 60+ verticals! The database contains primary data collected in two ways:

Through our Global Listening Engine – a proprietary algorithm able to extrapolate and collect data across numerous sources

Directly from FinTechs – thanks to the onboarding flow through which companies can list themselves on the most used database for venture capital in the industry

Join the Largest Global FinTech Community

You will be added to our private WhatsApp Channel with more than 200 FinTech leaders across the globe, where we engage in discussions around various financial services topics daily. After a few clicks, you’ll get to know the whole community, including the MEDICI team – you can ask questions, suggest topics, and get behind-the-scenes insights

Q&A

What is MEDICI Inner Circle™?

MEDICI Inner Circle™ is the membership you need to freely access all MEDICI content, which includes insights, research reports, videos, startup knowledgebase, and the members-only community for live engagement.

What topics do you cover?

We cover more than 60+ sub-segments in FinTech – but we do not stop there; we also cover topics beyond FinTech, such as InsurTech, RegTech, PropTech, WealthTech, BankTech, AgriTech, and the enabling technologies enabling innovation such as AI, Blockchain, etc.

What do I get if I buy the membership? Is there a difference between being a free subscriber and being a member?

By becoming a member, you will unlock all the content on our website. A free subscriber gets access to only 5% of what we publish on the web-site. Paid members also get preferred access to our live events, and exclusive access to the members-only community for live digital engagement.

Do you have a discounted plan for students?

Yes. Please write to us at innercircle@goMEDICI.com.

Do you have an enterprise plan for corporates or groups?

Yes. Please write to us at innercircle@goMEDICI.com.

Do you offer refunds?

We offer a 7-day free trial during which you can access all of our data, insights, and analyses. You can cancel the subscription any time before the end of the free trial period. However, we do not offer refunds.

Unlock this article by signing up for MEDICI Inner Circle

--------------- OR ---------------