Singapore Fintech Festival 2017: Brighter, Bigger, Better

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“Last year’s festival was a great start. This year’s festival will be brighter, bigger, better.” That’s the promise of Sopnendu Mohanty, CEO of the Monetary Authority of Singapore (MAS).

The Singapore FinTech Festival is returning in November after a successful debut last year. LATTICE80 is proud to be the Community Partner alongside high-profile speakers such as Nobel laureate J. Georg Bednorz.

The week-long financial technology event (Nov 13-17) will feature:

  • Global FinTech Hackcelerator
  • FinTech Awards
  • FinTech Conference
  • Investor Summit / Deal Day
  • Multitrack (RegTech, Tech Risk, FinTech)
  • Lab Crawl

The Investor Summit or Deal Day will showcase investment-worthy Singapore-based startups and disruptive technologies to local and global investors, with a view to facilitate fintech investment deals.

Participants can look forward to a richer programme for this year’s conference at Singapore Expo. It will combine multiple agendas into a single multitrack conference spanning three days to allow participants greater access to the various discussions.

The conference will look at fintech developments across developed and emerging markets, as well as how technology can be harnessed to enhance financial inclusion and support growth in emerging economies.

MAS expects the festival to be an excellent platform for key stakeholders of the global and regional fintech community to connect, learn from one another, and co-create new solutions to real problems.

2017 Global Fintech Hackcelerator and Fintech Awards

MAS announced the finalists for the 2017 Global Fintech Hackcelerator and Fintech Awards in mid-September. A prize pool of up to $1.15 million Singapore dollars is up for grabs.

The Global Fintech Hackcelerator and Fintech Awards are among the highlights of this year’s Singapore Fintech Festival. In May 2017, MAS had published a catalogue of 100 problem statements gathered from the financial industry and invited the global fintech community to develop new and innovative solutions to any of the problems for this year’s Global FinTech Hackcelerator.

The problem statements fall under 4 categories:

  1. Customer-Facing
  2. Financial Inclusion
  3. RegTech
  4. General

MAS received 580 submissions from over 40 countries. From the submissions, 20 teams were shortlisted by a panel of industry judges. The chosen teams will undergo a 12-week programme, led by KPMG Digital Village, during which they will work and meet with corporates, investors, partners and regulators.

The teams will present a working prototype of their solutions at Demo Day, which will be held on 16 November 2017 (Day 4 of the FinTech Festival). The FinTech Awards, comprising the MAS Fintech Awards and ABS Global FinTech Award, recognises innovative fintech solutions that have been implemented by fintech start-ups, financial institutions, and technology companies.

30 finalists were shortlisted by a panel of industry judges from 309 submissions. Up to 10 winners will be selected by a panel of judges comprising international experts across multiple domains.

All finalists will be evaluated on four criteria: (i) Impact, (ii) Practicality, (iii) Interoperability, and (iv) Uniqueness and Creativity. The selection process for the Fintech Awards is led by PwC.

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