MAS kicks off inaugural Fintech Fest

Close to 11,000 participants have registered for the event.

The Monetary Authority of Singapore kicked off the inaugural week-long FinTech Festival in the city-state. The event, which was in partnership with The Association of Banks in Singapore, is aiming to connect the global FinTech community.

In a statement, MAS noted that there are close to 11,000 participants from more than 50 countries have pledged their participation for the series of events comprising conferences on FinTech, Tech Risk, and RegTech; the Global FinTech Hackcelerator; the FinTech Awards; visits to innovation labs; as well as community and networking events

MAS Chief FinTech officer Sopnedu Mohanty said this is an important initiative that allows to bring the global FinTech community together.

"The Festival will foster the thriving FinTech ecosystem in Singapore and beyond, as we strive towards establishing Singapore as a Smart Financial Centre and a world-class FinTech hub,” he said.

Meanwhile, ABS Director Ong-Ang Ai Boon noted how the festival is the first of its kind globally.

"The Festival offers a conducive environment for the FinTech community to connect, exchange ideas and preview what the future holds for the financial industry, and the possibilities and opportunities that await us. FinTech is the way forward and we are delighted that the Festival will create new value and position Singapore as a future-ready financial centre," she explained.