Fintech Festival

2022 - 11 - 2

fintech singapore

Pundi X Announces XPOS Web 3.0 in Singapore Fintech Festival (PRNewswire)

PRNewswire/ -- It's undeniable that Web 3.0 use cases such as NFTs and cryptocurrencies are on the rise today. A survey conducted earlier this year by...

"We see our work with the XPOS Web 3.0 as a big step in revolutionizing what we own," concluded Pundi X CEO and co-founder Zac Cheah. The launch of XPOS Web 3.0 hopes to be a game-changer in enabling decentralized payments that give people back control over their assets. Finally, XPOS Web 3.0 doubles down on its commitment to enable easy Web 3.0 transactions by introducing the p(x)Card, a Near Field Communication (NFC)-empowered hardware wallet card developed jointly with renowned semiconductor manufacturer Infineon. This is because the XPOS Web 3.0 will support multiple blockchain networks including Bitcoin Lightning Network, Binance Smart Chain, Ethereum, Polygon, and Avalanche. With the XPOS, ordinary retailers can accept top coins like Bitcoin and Ether with just a scan of the QR code or a tap of a NFC enabled card. In fact, 93% of those who currently accept cryptocurrency as a payment instrument have already seen a positive impact on their business's customer metrics, such as customer base growth and brand perception, and they expect this to continue next year.

Kampd, the platform dedicated to professional communities ... (TechNode Global)

Kampd announced as Knowledge Partner of SFF 2022 Founded by seasoned entrepreneurs, Amit Gupta & Ullrich Loeffler, both also co-founded Ecosystm, ...

Kampd, short for ‘Knowledge Amplified’, is a social media platform for professional communities and content. Kampd will ensure the conversations continue within the SFF community even after the physical event closes, ensuring a sustained interchange of knowledge. Announced as a Knowledge Partner at SFF 2022, the firm aims to provide a social media platform for like-minded professionals to engage with each other within communities of interest anchored around purposeful content. As opposed to the traditional social media platforms that emphasise ‘who you know’, Kampd enables users to maximise their potential with ‘what you know’.” It validates our strongest belief that for a powerful forum such as SFF, ‘the conversations don’t have to end when the talk ends’. 2, 2022 /PRNewswire/ — Kampd, a Singapore-headquartered company aimed at empowering professionals in the knowledge economy through communities and content was formally unveiled today at Singapore FinTech Festival (SFF) 2022.

Post cover — Image courtesy of "The Manila Times"

Singapore Fintech Festival kicks off with over 850 expert speakers ... (The Manila Times)

The conference segment of SFF 2022 from November 2 to 4 features more than 400 sessions with government leaders, policymakers, innovators, economists, corporate ...

Since its inception in 2016, SFF has become the premier platform for the global fintech community to engage, connect and collaborate on issues relating to the development of financial services, public policy and technology. Attendees also engage in networking and mentoring opportunities as well as Lunch and Learn sessions with industry luminaries across three days of the festival. We have designed SFF to reflect this shift in an open, engaging and bold way, focusing on finding solutions to today's challenges and taking definitive steps toward implementation across the financial sector. The exhibition features, for the first time, an environmental, social and governance or ESG fintech zone, curated in partnership with MAS' Green FinTech Office. SFF 2022 sees more than 850 expert speakers and over 250 hours of content across its week-long program. THE seventh edition of the Singapore Fintech Festival (SFF) has kicked off as an in-person event and runs from 31 October 30 to November 4.

Opening Address by Mr Lawrence Wong, Deputy Prime Minister and ... (Monetary Authority of Singapore)

At the Singapore FinTech Festival 2022, Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman, MAS spoke about the 5 Es of ...

And all of us in the Singapore Government and MAS will walk this journey with you, to support and collaborate with the FinTech community in this joint endeavour. But amongst the remaining individual users of cheques, we recognise there are some, especially seniors, who are still not comfortable with shifting to e-banking and e-payments. This will help to bring down a substantial portion of the cheque transaction volume in Singapore. More than 200 jobs have been created with the setting up of new innovation labs, and the scheme has also supported the growth of young start-ups into technology players with a strong nexus to financial services. In particular, it can help to ensure the quality and accessibility of ESG data, and address concerns associated with green-washing. MAS has made clear our stance on speculative trading of crypto currencies by retail investors – we believe this is highly risky, not suitable for the public, and we aim to reduce the risk of potential harm to consumers. This will enable Singaporeans to identify potential gaps in their protection more easily, and have a more comprehensive view of their financial positions. This extends the same benefits that we have in PayNow, to fund transfers between Singapore and Thailand. One specific approach that we are taking in Singapore is to establish linkages between the real-time payment systems of our key regional partners. This collaboration will lead to a significant reduction in the time and effort needed to process these guarantees, and ultimately benefiting the individual and business users. It enables us to be more productive, to improve our standards of living, and to build greater resilience. These 5 Es – Enhance; Empower; Envision; Encourage and Engage – sets the backdrop for Singapore’s FinTech journey to harness the full potential of technology and innovation.

Singapore Fintech Festival 2022: Deputy PM Wong sets the fintech ... (Finextra)

Lawrence Wong, deputy prime minister and minister for finance, Republic of Singapore, took to the stage at Singapore Fintech Festival to make several ...

The share of cheques as a proportion of payments using cheques, GIRO, and FAST used to be 32% in 2016 and has fallen to 7% in 2021. MAS will partner with KPMG and the Singapore FinTech Association to identify key use-cases and growth strategies in this space. After introducing the Financial Sector Technology and Innovation Scheme, or the FSTI, to support the creation of a vibrant ecosystem for innovation in the financial sector, the MAS has provided two rounds of funding. “Going forward, we hope to onboard more financial institutions and a wider range of financial information onto SGFinDex for an even more comprehensive overview and greater convenience in financial planning,” Wong said. They have successfully conducted the first industry trials, featuring cross-currency transactions and trading of tokenised securities and will work to sharpen the digital asset strategy in Singapore. Wong described Singapore as a “red dot in a dangerous world” that must ultimately count on itself to survive and thrive.

DPM Lawrence Wong at the Singapore FinTech Festival 2022 (Prime Minister's Office Singapore)

Opening Address by Deputy Prime Minister and Minister for Finance Lawrence Wong at the Singapore FinTech Festival 2022 on 2 November 2022.

Let us work together to harness the power of finance and technology as a force for good, and become better and stronger together. This is how we ensure that the financial industry in Singapore stays at the leading edge of FinTech – continually experimenting and innovating, creating positive change, and solving problems for mankind and the world. Encourage allows us to be relentless in pushing the frontiers of innovation and technology. We are studying these issues carefully, and we will consult the public separately when we are ready. This will help to bring down a substantial portion of the cheque transaction volume in Singapore. The share of cheques as a proportion of payments using cheques, GIRO, and FAST used to be 32% in 2016. We recognise that the current ESG FinTech landscape is still nascent, and MAS will partner KPMG and the Singapore FinTech Association to identify key use-cases and growth strategies in this space. We will also support the next generation of Centres of Excellence, which will spearhead the development of tools to support emerging domains such as Web 3.0. In short, we aim to become a centre for innovative and responsible digital asset activities. In the past, the application process for such guarantees and bonds takes a few days. And ultimately, we have to count on our own ingenuity and wits to survive and thrive. And the Government is also providing full support for this effort.

Philippine FinTech Festival showcases ASEAN as global ... (CoinGeek)

Increased collaboration between thought leaders, policymakers key to advancing digital economies. The inaugural week-long Philippine Fintech Festival (PFF)- ...

Digital Pilipinas is the largest private sector movement for creating a technology and innovation ecosystem geared to bring about technological acceleration in the country. The first was between the Department of Trade and Industry’s Philippine Trade Training Center and the Monetary Authority of Singapore’s Proxtera, on leveraging technology to improve accessibility between the Philippines and Singapore. They also agreed that while the industry was slow to adopt technology, there is now a recognition that digitalization and automation will play an increasing role in the years to come, for example in tackling environmental planning and mobility. Indeed, the train is fast moving to the ASEAN Fintech Month.” During the festival’s last day, Maclang looked to the future, saying, “This is just the beginning of our journey together. The PFF kickstarted the ASEAN FinTech month and was the first in a series of summits that was followed by the BOT Digital Conference in Thailand, to eventually lead up to the annual Singapore FinTech Festival (SFF) in November. He shared that “what we are trying to do is that everyone is a collaborator. Our job is to stitch up the gaps to streamline the processes. Other discussion points were the roles of NFTs, e-wallets, and digital currencies in unlocking a country’s potential in Web 3.0 and the Metaverse. “Not just as a nation that lifts itself to prosperity through technology, not just as a good sibling to our ASEAN brothers and sisters, but as a welcoming gateway to ASEAN for other countries who wish to do business in our region. EduTech can address the tandem challenges of learning deficiencies and information technology infrastructure investments to make the country’s education system more competitive. The PFF’s key pillars focused on the power of cooperatives in a digital world, and how big data, automation, and cross-border collaboration can enable seamless and safer payments across the region.