The Monetary Authority of Singapore (MAS) and Elevandi have announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’. SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services.
Organised by MAS and Elevandi, in partnership with Constellar and in collaboration with The Association of Banks in Singapore, this year’s SFF will be held from 15 to 17 November at the Singapore EXPO, with The Capital Meets Policy Dialogue, Elevandi Insights Forum and the annual Innovation Lab Crawl taking place on 13 and 14 November. It will convene leaders from the government, financial services, investment, and technology sectors.
2023 will see the continued exponential growth of AI applications and adoption, with venture capitalist investments in Generative AI having reached a new high of US$2.6 billion in 2022 and with Generative AI seeing the fastest-growing consumer take-up in history. Leaders in the financial industry are keen to understand how AI can help build greater resilience in financial services.
SFF 2023 will examine how technologies such as AI and Web3, and digital public goods, can help to accelerate the transition to a low-carbon future and re-imagine the financial system architecture to better address the needs of the underserved. There will also be a focus on securing the digital economy against modern climate, technology, and cyber risks.
The Capital Meets Policy Dialogue, Asia-Pacific Chapter, to be held on 13 November, will bring together policymakers, regulators and investors.
The Elevandi Insights Forum, scheduled from 13 to 14 November, will host deep-dive roundtables with public and private sector organisations to address challenges faced in scaling up digital finance, ranging from frictions in cross-border data flows to differing maturity in digital infrastructure.
In partnership with the National University of Singapore Asia Institute for Digital Finance, the ChatGPT and AI in Finance certificate programme will be launched for SFF pass-holders. It will comprise self-paced online classes and feature exclusive industry talks by industry luminaries at the Festival.
Sopnendu Mohanty, Chief FinTech Officer, MAS and Chairman of Elevandi Board, said, “Innovations in technology continue to present us with powerful tools to enhance the global financial industry’s responses to economic and financial challenges. At SFF 2023, we have the opportunity to convene a global dialogue that will explore the potential of transformative technologies and policies for financial services, and bolster the FinTech ecosystem against future shocks.”
Chua Wee Phong, Group Chief Executive Officer of Constellar, said, “Catering to attendees and exhibitors both new and returning, we have created a cohesive visitor experience enabling stronger connections on the show floor with an important difference: It will be the first SFF to be powered by renewable energy entirely from the Festival venue at Singapore EXPO. This is a significant milestone in the SFF’s sustainability journey towards Net Zero in collaboration with like-minded partners.”
SFF 2023 registration is now open. Complimentary passes are available for policymakers, regulators, think tanks, academics, coders and students. Start-ups can also enjoy discounted tickets.