Singapore FinTech Festival 2024 Returns with Spotlight on AI and Quantum Technology

Singapore, 8 July 2024 – THE Singapore FinTech Festival (SFF) 2024, will return for its 9th edition from 6 to 8 November, preceded by the Insights Forum™[1] November 4-5. With over 66,000 attendees from 150 countries in 2023, SFF 2024 will offer a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators and influencers to collaborate and shape the future of the global financial ecosystem through the alignment of regulation, innovation and technology.

Organised by the Monetary Authority of Singapore (MAS), Elevandi and Constellar, in collaboration with the Association of Banks of Singapore, SFF 2024 will examine the transformative potential of Artificial intelligence (AI) and Quantum Computing in the financial services revolution and to ensure sustainable and inclusive economic growth. As the world continues to face the challenges of climate change, SFF 2024 will also highlight the role of FinTech in driving sustainable finance.

With rapid progress and unprecedented investment in AI by businesses and governments[2]SFF 2024 will convene dialogues between regulators and industry to facilitate greater alignment of policy approaches that can create an enabling environment for AI innovation and adoption. SFF 2024 also aims to foster the development of a responsible AI ecosystem in financial services, with strong international collaboration between the public and private sectors to ensure that AI brings transparency, trust and inclusion to the financial ecosystem.

With global public investment in quantum technology exceeding $42 billion[3]SFF 2024 will also spotlight quantum computing, underlining the urgency of leveraging this disruptive technology to improve performance in financial services, future-proof cryptography, and optimize efficiency. The Festival will also address the challenges of applying quantum systems and their impact on the financial services technology stack.

Sopnendu Mohanty, Chief FinTech Officer, MAS and Chairman of the Board, Elevandi said“The financial services industry is at a critical inflection point, with AI and Quantum Computing poised to disrupt the global financial ecosystem. SFF 2024 will seek to align technology, innovation and regulation so that these transformative technologies are deployed with strategic foresight, collaboration and adaptability to unlock new opportunities for economic and industrial growth and resilience. Harmonizing global FinTech regulations that support innovation, fostering cross-border collaboration on payments and credit, and ensuring a safe, inclusive and sustainable financial ecosystem fueled by the responsible adoption of AI and Quantum technologies will be the primary focus of SFF 2024.”

The SFF will also feature the following highlights:

• Invitation-only dialogues and exclusive side events how the Insights Forum™ will convene 1,500 senior policymakers, industry executives and investors for leadership dialogues and collaborative discussions. Held on 4 and 5 November at the Sands Expo & Convention Centre, the Forum aims to foster discussions on aligning critical stakeholder views on the conditions needed to scale up and realise industrial applications of AI, quantum computing and other cutting-edge technologies. Hosted at the Insights Forum™ is the Asia-Pacific chapter of The Capital Meets Policy Dialogue™, which will bring together senior policymakers and leaders from both the private and public sectors to discuss solutions to the most pressing issues in capital investment, value creation and policymaking.

• This year, the Global FinTech Hackceleratororganized by MAS and in partnership with Elevandi, is looking for innovative solutions to address problem statements focused on improving financial health. Up to 20 finalists will be selected and paired with a Corporate Champion[4] to present their solutions at the Demo Day at SFF on 6 November. All finalists will also receive a cash prize of S$20,000 and a startup kiosk at SFF to present their solutions. The top three winners will be announced at a gala on 7 November and will each win S$50,000 in cash prizes. More information is available Here.

• web3 and digital assets industry stakeholders, includes an online course, mentorship, and industry immersion. It will culminate in a ceremony for 30 graduating students, who will receive digital certificates, at the SFF Talent Zone.

• Five Thematic Zones – Technology Zone, ESG Zone, Regulation Zone, Founders & Investors Zone, and Talent Zone – where attendees can participate in dialogues, workshops, and explore an international showcase of the latest FinTech solutions. We will also be introducing founder- and investor-focused mentorship sessions, masterclasses such as The Art of Storytelling, a spotlight on women entrepreneurs, mental health and wellness workshops, and an alumni meet-up for past participants of The Founders Peak™ at the Founders & Investors Zone.

• SFF MeetUp[5]a new networking initiative, is expected to facilitate 20,000 meetings at the Festival, with half the exhibition hall dedicated to simultaneous one-to-one meetings. SFF MeetUp will help individuals and organizations meet, collaborate and conduct business efficiently, foster new partnerships and drive growth opportunities.

Cultivate Agility, Innovation, and Inspiration and Foster Connections at SFF 2024

Paul Lee, Chief Executive Officer (Markets), Constellarsaid, “As the leading platform convening the world’s largest annual gathering of the FinTech community, SFF is committed to becoming a truly global marketplace. This year, we plan to expand to over 40 international pavilions representing 30 countries, along with regional and local associations and industry partners. We will also launch SFF MeetUp, a first for Asia and the Festival, introducing a transformative technology-based networking experience proven to deliver at least five times more efficient and effective engagement opportunities for attendees. By driving greater access to markets and amplifying the collaborative potential of the Festival, SFF 2024 will play a key role in fostering connections between key industry players, regional trade visitors, innovators and startups to catalyze the growth of the FinTech ecosystem on an unprecedented scale.”

Registration for SFF 2024 is now open on www.fintechfestival.sgFree passes are available for policy makers, regulators, think tanks, academics,[{” attribute=”” tabindex=”0″ role=”link”>coders and students. Start-ups also enjoy discounted tickets.

See Also:

Could fintech support Singapore’s transition to a lower carbon economy? | Disruption Banking

Unlocking TradFi with DeFi at Singapore Fintech Festival | Disruption Banking

[1] The Insights Forum™ fosters public-private dialogues to address the challenges of adopting scalable and sustainable technologies for global prosperity through tangible commitments from participants. Discussions are conducted according to Chatham House rules to encourage open and honest exchange.

[2] Stanford University Artificial Intelligence Index Report 2024

[3] Society relationship found that global public investment in quantum technology reached $42 billion in 2023.

[4] Corporate Champions are teams from financial institutions or organizations that partner with finalists during Hackcelerator, working with them to refine and contextualize the solution.

[5] Learn more about SFF MeetUp on https://www.fintechfestival.sg/sff-meetup.

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