The Singapore FinTech Festival (SFF) is set to return for its 9th edition from November 6-8, 2024, with a strong focus on the transformative power of Artificial Intelligence (AI) and Quantum Computing in reshaping the global financial ecosystem. Organized by the Monetary Authority of Singapore (MAS), Elevandi, and Constellar, the festival will be preceded by the Insights Forum from November 4-5. (asiabiztoday.com)
Attracting over 66,000 participants from 150 countries in 2023, the upcoming edition will bring together a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, and investors. Together, they will explore how advancements in AI and Quantum Computing can drive sustainable and inclusive growth in financial services, while addressing critical challenges like climate change.
Spotlight on AI and Quantum Technology
With rapid advancements and unprecedented investments in AI by corporations and governments, SFF 2024 will highlight the growing role of AI in financial services. This year’s dialogues aim to align policies that enable AI innovation while fostering a responsible AI ecosystem that emphasizes transparency, trust, and inclusion. Public-private collaboration will play a key role in ensuring that AI adoption benefits the financial ecosystem globally.
Quantum computing will also take center stage at the event. As global investments in quantum technology exceed US$42 billion, financial institutions are recognizing its potential to enhance performance, improve encryption, and optimize efficiency. However, the festival will also address the challenges of integrating quantum systems into financial services, with discussions on their impact on the industry’s technology infrastructure.
“The financial services sector is at a critical inflection point, with AI and Quantum Computing poised to revolutionize the global financial ecosystem,” said Sopnendu Mohanty, Chief FinTech Officer of MAS and Chairman of the Elevandi Board. He emphasized the importance of aligning technology, innovation, and regulation to unlock opportunities for economic and industry growth, while ensuring that these technologies are deployed responsibly.
Key Highlights of SFF 2024
1. Insights Forum and Dialogues: The invitation-only Insights Forum, taking place from November 4-5, will bring together 1,500 senior policymakers, industry executives, and investors to discuss the conditions needed for the successful adoption of AI, quantum computing, and other cutting-edge technologies. The Asia-Pacific Chapter of The Capital Meets Policy Dialogue will also be held during the Forum, facilitating high-level discussions on capital investment and policymaking.
2. Global FinTech Hackcelerator: MAS, in partnership with Elevandi, will once again host the Global FinTech Hackcelerator, seeking innovative solutions to improve financial health. Up to 20 finalists will pitch their ideas on Demo Day on November 6. The top three winners will be announced on November 7 and will each receive S$50,000 in prize money.
3. Blockchain Guardians Programme: Launching on September 2, 2024, the 10-week Blockchain Guardians Programme, developed by Elevandi Education, aims to address the skills gap in digital assets, data, and compliance. The program includes mentorship, online learning, and industry immersion, culminating in a graduation ceremony during the SFF Talent Zone.
4. Thematic Zones: Five zones—Technology, ESG, Regulation, Founders & Investors, and Talent—will feature workshops, dialogues, and a showcase of the latest FinTech solutions. Attendees can also participate in founder-focused mentorship sessions, mental health and wellness workshops, and an alumni meet-up for The Founders Peak.
5. SFF MeetUp: A new networking initiative, SFF MeetUp, will facilitate 20,000 one-on-one meetings, creating opportunities for collaboration and business development. Half of an exhibition hall will be dedicated to these simultaneous meetings, offering an efficient way for participants to foster connections and drive growth.
Expanding Global Reach
Paul Lee, Chief Executive (Markets) at Constellar, emphasized that SFF has evolved into a global marketplace for the FinTech community. “This year, we are expanding to over 40 international pavilions from 30 countries. With the introduction of SFF MeetUp, we expect to enhance the festival’s ability to connect industry players, regional trade visitors, innovators, and start-ups, creating unprecedented opportunities for collaboration and growth.”
As AI and Quantum Computing continue to revolutionize financial services, the Singapore FinTech Festival 2024 promises to be a pivotal event in shaping the future of the global financial ecosystem.
