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Eighth Singapore Fintech Festival kicks off

The Edge Singapore
The Edge Singapore • 3 min read
Eighth Singapore Fintech Festival kicks off
“The FinTech industry is poised for another major transformation, says Sopnendu Mohanty, chief FinTech officer of MAS and chairman of Elevandi Board / Photo: Albert Chua
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The eighth edition of the Singapore FinTech Festival kicks off on Nov 14 and will last till Nov 18, bringing together a record number of participants.

The central theme of this year’s SFF, which brings together regulators and industry players in business, finance and technology, is “AI for good. AI for good?”

According to SFF co-organiser the Monetary Authority of Singapore, Generative AI alone could boost global GDP by nearly US$7 trillion in the coming decade, alongside widespread adoption of AI in enterprise operations.

At the same time, there is considerable caution around some inherent risks in AI.

SFF 2023 will delve into AI’s promise as well as pitfalls, providing a platform to explore a unified vision for the future, harnessing its benefits while mitigating its risks.

Throughout the SFF, speakers and industry leaders will dwell on discussions on how the financial system can be further improved and help prepare for future risks in technology and climate, and powering entrepreneurs and the future tech workforce.

See also: SFF 2023 spurs discussion on generative AI and the future of finance

Earlier editions of the SFF featured discussions on driving low-carbon transitions, expanding financial access for underserved populations, bolstering digital economic resilience, and scaling promising AI and Web3 solutions regionally and globally.

Notable speakers at this year’s SFF includes Kristalina Georgieva, managing director of the International Monetary Fund; Ajay Banga, president of the World Bank and Tharman Shanmugaratnam, President of the Republic of Singapore.

This year’s SFF will feature a record of nearly 700 exhibitors and 36 international pavilions across five thematic zones – technology, ESG, founders, regulation and talent.

See also: MAS launches blueprint outlining technology infrastructure required to facilitate digital money transactions

“The FinTech industry is poised for another major transformation, thanks to recent advances in artificial intelligence. This will usher in a new era of financial innovation and transformation,” says Sopnendu Mohanty, chief FinTech officer of MAS and chairman of Elevandi Board.

“SFF 2023 will continue to be at the forefront of this global conversation, bringing together visionary leaders from civil society, technology, financial institutions, government, investment, and entrepreneurship to drive meaningful change and create a secure future for all,” he adds.

Paul Lee, chief executive (Markets) at Constellar says the continued growth of SFF year-on-year is a testament to the innovation and resilience of the global FinTech community.

“This drives us to continue evolving the festival experience, building a safe space for curating meaningful conversations to create and unlock value for our industry stakeholders.

“We look forward to bolstering the FinTech ecosystem by bringing together emerging technologies and fostering impactful connections at this edition of SFF, accelerating partnerships and catalysing collaborations that will redefine the future of financial services,” he adds.

The Edge Singapore is one of the five official media partners of this year’s SFF, as we had been since the festival started. There are 52 other supporting media partners. Check out our SFF special supplement for this year "Virtuous cycle of fintech" here.

 

 

 

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