07/08/2024 | Press release | Distributed by Public on 07/07/2024 20:16
Singapore, 8 July 2024... The Singapore FinTech Festival (SFF) 2024 will be back for its 9th edition from 6 to 8 November, preceded by the Insights Forum™The Insights Forum™ fosters public-private dialogues to address the challenges of scalable and sustainable technology adoption for global prosperity through tangible commitments from participants. Discussions are held under Chatham House rules to encourage open and honest exchange. 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. Organised 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 revolutionising 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 governmentsStanford University's Artificial Intelligence Index Report 2024, 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 billionMcKinsey report found global public investments in quantum technology reached US$42 billion in 2023., 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 optimise 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 revolutionise 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. Harmonising 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:
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 catalyse growth for the FinTech ecosystem at an unprecedented scale."
8. Registration for SFF 2024 is now open at www.fintechfestival.sg. Complimentary passes are available for policymakers, regulators, think tanks, academics, coders and students. Start-ups also enjoy discounted tickets.
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