Monetary Authority of Singapore to organize fintech festival in November

The Singapore FinTech Festival, a weeklong event from 14 to 18 November 2016, will bring together the global financial community to a series of back-to-back fintech events and aims in providing a platform for collaborations, connections and co-creations within the fintech ecosystem in and around Singapore.

According to the official website, the festival is organized by the Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS). The series of events during the festival includes Hackcelerator Demo Day, Innovation Lab Crawl, MAS FinTech Awards, FinTech Conference, Tech Risk Conference, RegTech Forum, and a grand closing party.

The Hackcelerator has invited the global fintech community to develop solutions to specific problems or challenges solicited from the financial industry. Up to 20 finalist teams from around the world will be provided cash stipend, development infrastructure, API catalogues, and mentorship support from leading industry experts and the opportunity to develop market-ready solutions to these problems.

MAS FinTech Awards which will recognize innovative fintech solutions that have been implemented by fintech start-ups, financial institutions, and technology companies. There will also be MAS FinTech Conference, ABSMAS Tech Risk Conference, ABS-MAS Regulation Technology (RegTech) Forum.

The Singapore FinTech Festival targets on startups, investors, financial institutions, local ecosystem partners and government agencies among others. Early-bird registrations are open till 30th September on the website.

In April this year, the organizers made an official statement announcing the inaugural of the festival. “Technology will fundamentally transform the financial industry. The Singapore FinTech Festival will offer a conducive environment for fintech players, both within and outside the financial industry, to exchange ideas and forge partnerships that will nurture a thriving fintech ecosystem in Singapore,” Ravi Menon, MD of MAS said in the statement.

The festival is being sponsored by Citi Bank, MasterCard, Mitsubishi UFJ Financial Group, United Overseas Bank and a software company V-Key solutions.