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Singapore's first FinTech (financial technology) Festival will be held this November, even as the country ramps up its efforts to highlight the attractiveness of the ecosystem here.

The Singapore FinTech Festival will be held from Nov 14 to Nov 18 2016, and will be organised by both the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).

MAS said there are three components to the Festival: The Global FinTech Hackcelerator, the MAS FinTech Awards, and conference and events.

For the Hackcelerator, the global FinTech community will be invited to co-create solutions to specific problems or challenges solicited from the financial industry this May, MAS said. Up to 20 teams will be selected, and these teams will present their completed solutions at the Festival.

Innovative solutions that have been implemented by FinTech start-ups, financial institutions and tech companies will also be recognised at the MAS FinTech Awards, the ministry added.

Source: Channel News Asia (published on April 13, 2016)

(AH)

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