Singapore and Thailand to Enable Cross Border Payments Using Only Mobile Numbers in 2021. Live 24 hours a day for 5 days and in 40+ FinTech hubs around the world. 07 December. Instead, he took part at an event hosted by Switzerland Global Enterprise, which on Monday had launched the information platform finance.swiss at an event billed as World Fintech Festival in Switzerland. SFF x SWITCH, the Singapore Fintech Festival and Singapore Week of Innovation and Technology will be back on December 7-11 in a new hybrid format, the organizers said in a media briefing on Thursday. Therefore, the raison-d'être of robo advisers gets lost – namely the leveraging and the ensuing benefit of scale. Singapore FinTech Association's success could only have happened with the help of our members community. The news was announced at the Singapore FinTech Festival 2020, by Heng Swee Keat, Deputy Prime Minister of Singapore, according to a … The most innovative fintech e-gifting solution will receive special recognition at the Singapore Fintech Festival in November 2021. Belief in the energy of youth and their passion for change. Ravi Menon, MAS’ managing director, announced the 2021 go-live at the Singapore Fintech Festival. Fintech podium at SIX (from left to right): Secretary of State Daniela Stoffel, Chairman of the Swiss Bankers Association, Herbert Scheidt, UBS CEO Ralph Hamers, Credit Suisse CEO Thomas Gottstein (live from Singapore), host Tanya Koenig. He used his time to present an overview of the big trends in fintech in the coming year. Singapore FinTech Festival Organised by MAS in partnership with The Association of Banks in Singapore and in collaboration with SingEx Holdings, the Singapore FinTech Festival (SFF) is the world’s largest FinTech festival and global platform for the FinTech community to connect, collaborate, and co-create with one another. Bambu's exhibiting at Singapore Fintech Festival 2020. Belief in making the world a better place. Hamers says time will tell how the new banks will manage to earn money. ... FinTech Awards 2020 (2021) Read More >> Call for Collaboration – FinTech Awards 2020 and FinTech-Do-Good. Fintech News Singapore would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. UBS has been working on such projects for some two years. 22 Jan 2021 This could be as investors place faith in Singapore’s favourable regulatory and business environment and its good track record of mitigating the impact of crises such as the COVID-19 pandemic. Twice a week e-mail alerts from finews.com. The world’s largest FinTech Festival returns for its fifth edition on 7-11 December 2020! They only work in connection with personal advice from a bank in a kind-of hybrid model. If you have any questions or queries, please email the Singapore Fintech Association at [email protected] Mr Adrian Fisher Chairman 2021 SFA Nominating Committee. The focus on Day One was on digital transformation and the economy amid COVID-19. And the plan isn’t just exclusive to Singapore or Thailand. Every day we send out a free e-mail with the most important headlines of the last 24 hours. The contentious issue is the separation of powers between state and economy. 1. The Singapore Fintech Report 2021 revealed that blockchain dominated the fintech scene, Grab Financial and digital securities platform iSTOX secures millions during their funding rounds and more exciting updates in our monthly newsletter here http://bit.ly/3sMajdv [Singapore FinTech Festival 2020 - 10 December 2020] Presenting AI DEMO DAY to you live in the AFTERNOON! People and Talent will be critical to addressing five global challenges. To get clients to trust the robot advisory system, advisers have started offering personal consultancy services. Hamers believes that robo advisers and algorithms have proven their ability to deliver good results. Singapore Fintech Festival 2020. Green fintech – a no-brainer according to Hamers: fintech and sustainable investing are trends and combining the two is simply perfect. « TFT Webinar – What 2021 holds for Fintech Lendit Fintech LatAm 2020 » The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) will expand to become the world’s first week-long round-the-clock, hybrid digital and physical event. Open Banking: Perfecting a Symbiotic Existence? UBS is moving toward open banking, as was shown by its announcement on Monday that it will cooperate with finance platform Financescout24. In November, the government launched the green fintech network that brings to one table business, associations, risk capital, universities, consultancies, and law firms. But he equally firm in his belief that no digital economy can survive without an e-identity. Since its inception, Singapore FinTech Festival (SFF) has been championing challenging topics that the financial services industry faces, from financial inclusion to sustainability, while the Singapore Week of Innovation and TeCHnology (SWITCH) has been bringing together conversations on innovation and its impact on society. by Polly Harrison December 7, 2020 The Singapore FinTech Festival (SFF) is the world’s largest and most inclusive fintech festival that brings together heads of state, financial and technology leaders, fintech founders, policy makers, investors and multilateral agencies. It would tend to take another two to three years before Switzerland will count on an E-ID. Free Headlines in your E-mail. This year, Singapore Fintech Festival returns on 7-11 December with a unique hybrid format combining an online event platform and over 30 physical events in FinTech hubs around the world: An inclusive, digital, 24-hour global experience across … And we're giving exclusive sneak peeks at something special we've been building. creating the infrastructure for a digital economy –, COVID-driven digital transformation in financial services and beyond, Long term societal and cultural transformation and its impact on conducting business, Commercial value chains in financial services: identifying disruption & pockets of value (lending, payments, capital markets, insurance, pensions), The rise of Digital banking licenses and the likely impact Embedded finance, Foundational digital infrastructures to support national digital strategies in a post Covid-19 World: Digital identity, trusted data exchange, citizen centric consent, interoperable payments, Public and private infrastructure collaborations, Central bank and private sector digital currencies propositions, Revolutionary impact on financial services, The value and interplay of blockchain and cloud, machine learning and 5G in 2021 and beyond, The changing cybersecurity needs in a co-Covid-19 world, Policies to drive innovation and efficiencies in a co-Covid-19 world, The unbundling of regulation to stimulate industry activity, The next wave of green finance initiatives, Rise of tech-based ESG evaluation methods, Sustainable investment models and impact investing, SMEs: Digital tools and the digitisation of supply chains, The last mile for the financially excluded: micro-pension & micro-insurance, Current national and industry sector approaches, Designing a new social contract for data and tech. And, it is no surprise that in just its third year, this Festival is already the world’s largest. We will be taking a break from the 24th December 2020 to the 3rd January 2021. Singapore, 17 December 2020…. As a CEO of a traditional bank, Hamers maintains the view that neobanks such as Revolut, Monzo, or N26 have no business model to speak of. How Will the Financial Services Sector Respond in 2021 (Episode 1) Speaker: Shayne Elliott, Chief Executive Officer, ANZ SGT 07 Dec 20:10 - 20:50 | GMT 07 Dec 12:10 - 12:50 | PST 07 Dec 04:10 - 04:50 This 2020 edition is a message of hope on how being together we can rebuild Finance in a more diverse, inclusive, collaborative and transformative way. But that's hardly a business model to speak of. The digital exchange SDX aims to become the first regulated exchange for tokens and digital assets. Zurich-based Globalance Bank helps clients understand the ins and outs of green investing by displaying the emissions and energy use of a portfolio. The e-identity is a hotly disputed political issue, and not a trend. ... us for an interactive session where our panel of esteemed speakers share their views on “Lessons learnt from 2020 and 2021 banking trends to watch”. The Singapore Fintech Festival is currently discussing the hot new trends for the fintech business in 2021. UBS Chief Executive stayed in Switzerland, but he can be trusted to know where things are heading. Investor interest in Singapore-based fintech firms also remained strong, with these firms continuing to attract the highest funding amount (42 per cent) in the region. Welcome to this unique and hybrid edition of the Singapore FinTech Festival. Ralph Hamers – the Mister Fintech among the banking CEOs – has been in charge of Switzerland's largest bank, UBS, for about a month. To be true, neobanks have so far defined themselves by the number of clients won as well as the number of financing rounds completed. Singapore-based FinTech Grab is mulling a U.S. initial public offering of at least $2 billion in the wake of failed merger talks with Indonesian rival Gojek. Forgotten Passwords: $140 Billion Bitcoin Write-Off? SFF x SWITCH 2020 Draws 3.5 Million Views Over 5 days; Event to Return in 2021, 8-12 November. Only the approval of a signature will remain a state prerogative, while private firms can launch an e-ID. UBS CEO Hamers pronounced himself a great supporter of tokenization and digitization of assets. If banks however choose to open their business, they can retain client access, even if the best offering for a specific service no longer is its own one. Join our community, be part of SFA, and enjoy awesome benefits and great network insights! The event will also run 24 hours and broadcast from 40 global locations to “help businesses kickstart conversations and set their roadmap for 2021.” Richemont Boss Vaccinated at Swiss Clinic He Owns, Grayscale CEO: «Ignoring Bitcoin Becomes a Risk», UBS Boosts Diversity as Current Head Exits, Julius Baer Raids Credit Suisse for Latin America, Boris Collardi Out of the Woods in Graft Probe, Credit Suisse Bolsters Investment Bank in Japan, Credit Suisse Poaches for Premium Clients, Chubb Poaches Investment Banker From HSBC, Hans-Peter Borgh: «I Don’t Want to Sugarcoat That», Marta Ra: «Some Topics Are C-Suite Taboo», Jean-Daniel Laffely: «Bancassurance's Time Has Come», Francisco Fernandez: «I Need to Digest What Happened», Gert De Winter: «Not So Into 'Agility' Anymore», Alpian CEO: «Affluent Clients Aren't Being Served», Rodolfo De Benedetti: «There Are Too Many Banks in Switzerland», Swiss Private Bank Opens Office in Zurich, Daniel Durrer: «Confident GAM on Track for Inflows Soon», Claude Baumann: «Sleep Is a Personal Matter», Ralph Hamers' Long Road to Leaving ING Behind, Jean-Baptiste Berthon: «Hedge Funds Dip Into Bitcoin». And that's a long time in the digital economy. Defining the role of data and tech in society, implications for governance and understanding the benefits and risks, Pandemic impact on FinTech Investments and valuations, Investment interdepencies from seed to growth stage, FinTech by segment: the winning and losing categories, A comparison of exit strategies by region, Founder strategies and tactics for survival, Founder strategies and tactics for growth, National level response to upskilling and reskilling the financial services workforce, Industry level response to upskilling and reskilling the financial services workforce, Understanding industry needs and skills gaps over the next decade and the future of work, Copyright © 2020 Singapore FinTech Festival. Singapore Fintech Festival program from Norway Welcome by Anita Nergaard, Norwegian Ambassador to Singapore 09:30 (CET): Digital wallets and payments by Berit Svendsen, EVP & Head of International Expansion at Vipps. This is vital to helping us as a society get back on its feet in 2021 and beyond. Since its inception, SFF has championed the challenging topics that our industry faces, from financial inclusion to green technologies and sustainability, and this year SFF will celebrate our raison d’etre – People and Talent. Event Dec 07, 2020-Dec 11, 2020 ONLINE. The overarching theme for this year's SFF is … The Singapore Fintech Festival is currently discussing the hot new trends for the fintech business in 2021. Hamers believes that the so-called «Freemium-Model», which entails a basic free-of-charge service, won't suffice to run a successful business. He may have read up on the fine print of Swiss direct democracy because if the electronic identity fails, many a fintech trend will founder. He didn't fly out to attend the Singapore Fintech Festival (of which finews.asia is a media partner) in person. Singapore FinTech Festival | 6,715 followers on LinkedIn. If banks don't open their business to a third party, they risk disintermediation, the destruction of supply chains. But over time, the regulators plan to onboard more banks and non-banking firms. The problem of how to scale the business remains though, Hamers says. The Monetary Authority of Singapore, Smart Nation and Singapore's Digital Government Group launched Singapore's Financial Data Exchange on Dec. 8. ABOUT THE EVENT. 5. On March 7, 2021, Swiss voters will decide on the legal framework for a state-approved electronic identity. He believes that there is work to be done still to free the full potential of tokenization. 09:10 - 09:30 Talent Presentation. individuals who have overcome obstacles to create new opportunities for society. He believes that efforts will be made to address the problem in 2021. One great example of what green fintech is able to is the application provided by Yova, where clients can engage in impact investing. THEMES. Ralph Hamers – the Mister Fintech among the banking CEOs – has been in charge of Switzerland's largest bank, UBS, for about a month. Reflections from Space With Astronaut Dan Tani. Until then, you can access some of our year-end … The Singapore FinTech Festival kicked off on Dec 7. This year’s FinTech Festival will shine a spotlight on: People will be at the heart of the festival, shaping our conference agenda and inspiring our community activities that drive talent development, reskilling and upskilling of the financial and tech workforce. He may have been obliged to say so given that the event was hosted by SIX CEO Jos Dijsselhof and Chairman Thomas Wellauer at the Convention Point. Since its inception, SFF has championed the challenging topics that our industry faces, from financial inclusion to green technologies and sustainability, and this year SFF will celebrate our raison d’etre – People and Talent. This year, the Singapore FinTech Festival (SFF) will proudly celebrate its 5th year anniversary. Hop on to get valuable insights from business leaders and hear from the exciting line up of talks and presentations from the innovative AI community. But only few people actually want to entrust their money to a robot. It is the key to success behind any fintech trend, he said in Zurich. To begin with, just a small group of banks in both countries will participate in the go-live. Open banking is creating a win-win situation, says Hamers: fintech that lacks the resources to build their own customer base, receive access to an established market. The Nominating Committee will review the nominations and will announce the names of eligible nominees on or before 23 Feb 2021, at least 30 days prior to the Election. And the banks get access to technology and digital services they couldn't develop themselves. This year, the Singapore FinTech Festival (SFF) will proudly celebrate its 5th year anniversary. Hamers understands the issue of data protection and demanded an international framework agreement on the protection of personal data when still at ING. Now together, SFF x SWITCH will celebrate our raison d’etre – People. Not a new trend, but one that might prove disruptive, according to Hamers: open banking. Robo advisory seems doomed in Switzerland. But one day, investors will want to get a return on their investment. 12 talking about this. UBS Chief Executive stayed in Switzerland, but he can be trusted to know where things are heading. The most innovative FinTech e-gifting solution will receive special recognition at the Singapore FinTech Festival in November 2021. The world’s largest FinTech Festival returns with its sixth edition on 8-12 November 2021! Speaking, Sponsoring, APAC. Neobanks may be digital and mobile, but their sole characteristic from a business point of view is growth. Tokenization is a fintech trend with huge potential, Hamers said. These will be addressed at the FinTech Festival through a dedicated Summit on each of the five days: the pioneers who have blazed new trails and made a difference; the rising tech stars with the potential to shape the post-COVID financial sector; and. The biggest FinTech event in the world hosts executives and thinkers from financial institutions, fintechs, venture capital firms, central banks and regulators and academia. Belief in the spirit of innovation and the power of imagination. During the Singapore Fintech Festival 2020, Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS) announced that the regulator has made significant headway in the linkage between Singapore’s and Thailand’s national payment systems; PayNow and PromptPay respectively. Singapore and Thailand to Enable Cross Border Payments Using Only Mobile Numbers in 2021 by Fintechnews Singapore December 9, 2020 During the Singapore Fintech Festival 2020, Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS) announced that the regulator has made significant headway in the linkage between Singapore’s and Thailand’s national payment … Neobanking: Source of a New Business Model? The fifth edition of the Singapore FinTech Festival (SFF) and first 5-day round-the-clock SFF and SWITCH attracted more than 60,000 participants from over 160 countries. The Singapore Fintech Festival is a celebration of belief. In Switzerland, green fintech is a trendsetter and has become a founding principle for the financial market strategy. , wo n't suffice to run a successful business time will tell how the new banks will to. Bank in a kind-of hybrid model the problem in 2021... FinTech Awards 2020 FinTech-Do-Good! 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