Singapore FinTech Festival 2018 is the world’s largest and most impactful platform for the global FinTech community to connect, collaborate and co-create. The festival was opened with an inspiring keynote session by Saqib Shaikh, Software Engineer of Microsoft on how the technology serves as an equaliser. Ravi Menon, Managing Director of MAS shared his thoughts on the development of the FinTech ecosystem in Singapore. Ravi described Innovation, Inclusion and Inspiration are the keys to the development in FinTech ecosystem in Singapore. He also defined five key pillars of this ecosystem which are People, Identity, Payments, Data Governance, Applied Research and Platforms for Innovation.
Besides the exciting start-up pitches at the Global FinTech Hackcelerator Demo Day, the conference was power-packed with debates and valuable insights exchanged across the various stages at the Singapore FinTech Festival 2018. Topics that were covered included ASEAN FinTech Opportunities, the Future of Money, Market Infrastructure and more.
Chris Colbert of Harvard Innovation Labs opened the second day of the Singapore FinTech Festival 2018 with his provocative thought on how “Technology is Dead”, and that technology’s value lies in the ability to translate its inanimate state into an animated one. He highlights that the key to being successful in the innovation process is to be able to develop an in-depth understanding of the customers.
The morning was power-packed with three exciting panel sessions on Digital Transformation, Big Tech and Data and Breaking Bank Systems with experts from the industry.
The conference was wrapped up with international and local dignitaries such as Christine Lagarde, Managing Director of International Monetary Fund, Prime Minister of India Narendra Modi, Deputy Prime Minister Tharman Shanmugaratnam, Minister of Education Ong Ye Kung and were visited by Minister of Finance Heng Swee Keat and Prime Minister of Canada Justin Trudeau.
The Prime Minister of Canada, Justin Trudeau shared his view on how FinTech on the cutting edge of innovation and creativity where Canadian FinTech companies help keep Canada’s banking system strong & secure. The amazing firms here at the Canada Fintech Forum at Singapore FinTech Festival are excellent proof of that.
Minister Ong Ye Kung spoke at the Festival on the third day of the conference. He explained why FinTech companies should set up their businesses in Singapore as Singapore is a great place and always open to innovation and new ideas. Singapore has a great pool of talents where Singapore’s education system believes in developing skills and talents by equipping the student with the problem-solving skills that exercise computational, analytical and logical thinking.
More than 400 companies representing 35 countries across different industries participated in the exhibition to showcase the best of their products. The exhibition hall was buzzing with excitement as start-ups met with investors.
This year is Tokenize’s first time to participate in Singapore Fintech Festival 2018. It was indeed a pleasure to meet other start-ups and Tokenize’s users in the festival.