MAS’ Singapore Fintech Festival 2021 Kicks Into High Gearby Fintech News Singapore August 4, 2021
The Monetary Authority of Singapore (MAS) announced that the Singapore Fintech Festival (SFF) will take place from 8 to 12 November, as a hybrid digital and physical event.
A company limited by guarantee (CLG) will also be incorporated to spearhead future growth of the SFF and lead a series of new initiatives to provide year-round engagement with the global fintech community.
The first three days of the SFF will feature a hybrid conference and exhibition. Meanwhile, on 11 and 12 November, participants can attend global satellite events and industry events online and at physical locations.
The SFF 2021 is being organised in partnership with The Association of Banks in Singapore (ABS) with the theme “Web 3.0” to discuss how key technological advances will power the future of financial services.
SFF2021 will also organise deep-dive sessions that will brainstorm how Web 3.0 technologies can be harnessed for more efficient financial intermediation, advance key objectives like green finance and financial inclusion, and examine implications for financial regulation and supervision.
In particular, the conference will examine three key structural drivers that could re-shape financial services in the coming decade:
New entity Elevandi to drive SFF
Named ‘Elevandi’ which means to lift up or to raise up, the entity will build a global knowledge and collaboration platform.
This is aimed at bringing together the global financial and fintech community to address pain points in the workings of the financial system, and harness technology and innovation in finance to improve the well-being of individuals, economies and societies.
Elevandi will have an international Board of Directors to oversee its mission and work.
The board will comprise members from the public sector, financial services sector and experienced global industry leaders. Sopnendu Mohanty, MAS’ Chief Fintech Officer, will be one of the Directors.
To drive the next phase of growth, Elevandi will expand its programme of activities beyond the SFF to a broader range of engagement platforms to drive greater collaboration with the global fintech community.
“For the last five years, MAS has grown the SFF into a leading global platform for FinTech. It is now time for the SFF to further a global mission.
Singapore has an important role to play as a knowledge centre and as a platform to enable greater collaboration and exchange between the public and private sectors around the world.”
During the week of the SFF2021, Enterprise Singapore will also host the Singapore Week of Innovation and TeCHnology (SWITCH).
Together, these two marquee events will feature exciting innovation and technology activities for the global innovation community.
Featured image: Sopnendu Mohanty, MAS Chief FinTech Officer @ World FinTech Festival in Budapest 2020