Singapore FinTech Festival 2024 Returns with Spotlight on Artificial Intelligence and Quantum Technology

 

The Singapore FinTech Festival (SFF) 2024, will be back for its 9th
edition from 6 to 8 November, preceded by the Insights Forum™ [1] from 4 to 5 November.
Attended by over 66,000 participants 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 aligning regulation, innovation and technology.

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

3. With rapid advancements and unprecedented investments in AI by corporations and
governments, SFF 2024 will convene regulator-industry dialogues 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 public-private sector collaboration to ensure
that AI brings transparency, trust, and inclusion to the financial ecosystem.

4. With global public investments in quantum technology exceeding US$42 billion[3], SFF
2024 will also spotlight quantum computing, underscoring the urgency of harnessing this
groundbreaking technology to enhance performance in financial services, future-proof
encryption, and optimize efficiency. The festival will also address the challenges of
applying quantum systems and their impact on the financial services tech stack.

5. Sopnendu Mohanty, Chief FinTech Officer of MAS and Chairman of Elevandi Board said,
“The financial services sector is at a critical inflection point, with AI and Quantum
Computing poised to revolutionize 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 industry growth and resilience. Harmonizing global
FinTech regulations that support innovation, fostering cross-border collaboration on
payments and credit, and ensuring a secure, inclusive, and sustainable financial
ecosystem powered by responsible adoption of AI and Quantum Technologies will be the
primary focus of SFF 2024.”

6. SFF will also feature the following highlights:
• Invitation-only Dialogues and Signature Side Events such as the Insights Forum™
will convene 1,500 senior policymakers, top industry executives, and investors for
leadership dialogues and collaboration discussions. Held on 4 and 5 November at
the Sands Expo & Convention Centre, the Forum aims to foster discussions on
aligning critical stakeholders’ views on the conditions needed to grow and realize
industry 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 gather senior policymakers and leaders
from both the private and public sectors to debate solutions to the most urgent
issues in capital investment, value creation and policymaking.
• This year, the Global FinTech Hackcelerator, organized by MAS and in partnership
with Elevandi, is looking for innovative solutions to address problem statements
centered on Improving Financial Health. Up to 20 finalists will be shortlisted and
paired with a Corporate Champion to pitch their solutions on Demo Day at SFF on 6
November. All finalists will also receive a S$20,000 cash stipend and a startup kiosk
at SFF to showcase their solutions. The top three winners will be announced at a
gala on 7 November and stand to win S$50,000 each in prize money. More
information is available here.
• Blockchain Guardians Programme is a new skills-based learning initiative that will
commence on 2 September 2024. Launched by Elevandi Education, the 10-week
programme addresses the growing demand and skills gap for talent in the areas of
digital assets, data, and compliance in both the public and private sectors. The
programme, co-curated by 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, a new networking initiative, is expected to facilitate 20,000 meetings at
the festival, with half an exhibition hall dedicated to simultaneous one-on-one
meetings. SFF MeetUp will help individuals and organizations meet, collaborate and
conduct business efficiently, foster new partnerships and drive growth
opportunities.

Cultivating Agility, Innovation and Inspiration, and Fostering Connections at SFF 2024

7. Paul Lee, Chief Executive (Markets), Constellar, said, “As the premier platform
convening the world’s largest annual gathering of the FinTech community, SFF is
committed to becoming a truly global marketplace. This year, we expect to expand to over
40 international pavilions represented by 30 countries, alongside regional and local
associations and industry partners. We will also be launching SFF MeetUp, a first in Asia
and at the festival, introducing a transformative tech-based networking experience that
has proven to deliver at least five times more efficient and effective engagement
opportunities for attendees. By driving greater access to markets and amplifying the
Festival’s collaborative potential, SFF 2024 will play a key role in fostering connections
between leading industry players, regional trade visitors, innovators and start-ups to
catalyze growth for the FinTech ecosystem at an unprecedented scale.”

8. Registration for SFF 2024 is now open at http://www.fintechfestival.sg/ Complimentary
passes are available for policymakers, regulators, think tanks, academics, coders and
students. Start-ups also enjoy discounted tickets.