{"id":27702,"date":"2018-11-19T06:30:06","date_gmt":"2018-11-18T22:30:06","guid":{"rendered":"\/en\/?p=27702"},"modified":"2023-07-20T17:01:44","modified_gmt":"2023-07-20T09:01:44","slug":"singapore-fintech-festival-2018-was-eye-opening","status":"publish","type":"post","link":"https:\/\/www.forcs.com\/en\/singapore-fintech-festival-2018-was-eye-opening\/","title":{"rendered":"Singapore FinTech Festival 2018 Was An Eye Opener"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#ecefef;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1185.6px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><h1 class=\"h1\" style=\"text-align: center; margin-bottom: 0.8rem;\">Singapore FinTech Festival 2018 Was An Eye Opener<\/h1>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 25px;margin-bottom : 25px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:768px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 3.5rem;padding-right : 0px;padding-bottom : 0px;margin-bottom : 4.5rem;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;border-width: 0px 0px 0px 0px;border-color:#ecefef;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-first\" style=\"width:74%; margin-right: 4%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><p><span class=\"fusion-dropcap dropcap\">T<\/span>he festival attracted near to 45,000 participants from 130 counties, it proves to be the biggest FinTech event worldwide and a global platform for the FinTech community to connect, collaborate and co-create. Exhibitors from more than 400 companies representing 35 countries across industries exhibited their solutions.<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/EcAZfkpdYrU\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>As promised last year, we were back to the Singapore FinTech Festival this year. The 3-day conference and exhibition at the Singapore Expo was eye-opening and we showcased our <a href=\"https:\/\/www.forcs.com\/en\/solutions\/customer-onboarding-e-form\/\">Digital Onboarding<\/a> and <a href=\"https:\/\/www.forcs.com\/en\/solutions\/paperless-branch-e-form\/\">Paperless Branch Systems<\/a>. Themed \u201cRevolutionize Financial Services with Dynamic eForm\u201d, FORCS shared with visitors how they can convert paper form to electronic form conveniently with OZ e-Form. Visitors\u2019 responses were overwhelming as they were amazed at our paperless solution where they don\u2019t see it anywhere. It struck them as they discovered our solution that will reduce much paper work and increase productivity at their workplace.<\/p>\n<p><strong>Day 1<\/strong><\/p>\n<p><img class=\"alignnone wp-image-27699 size-full\" src=\"\/en\/wp-content\/uploads\/2018\/11\/sg-fintech-fest-2018-day1.jpg\" alt=\"Sqib Shaikh and Ravi Menon\" width=\"600\" height=\"170\" \/><\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/saqibshaikh\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sqib Shaikh<\/a>, Software Engineer of Microsoft opened the festival with an inspiring session of how technology can improve people\u2019s lives. <a href=\"https:\/\/www.mas.gov.sg\/who-we-are\/Management-Team\" target=\"_blank\" rel=\"noopener noreferrer\">Ravi Menon<\/a>, Managing Director of MAS then followed up with the development of a FinTech ecosystem in Singapore. He stressed the key pillars to build this ecosystem includes people, identity, payments, data governance, applied research and platforms for innovation.<\/p>\n<p>More than 20 finalist teams presented their pitches for the Global FinTech Hackcelerator and 3 winners were awarded. At the Prudential stage, the panel discussed how millennials and SMEs hold huge potential for economic growth and that the future lies in taking an omni-channel, mobile-first and all-inclusive approach. Changes in payments oversight and regulation was addressed at the Deloitte Stage and the panel at the AMD Stage debated how FinTech pioneers should stay relevant amidst challenges from both \u201cFinTechs\u201d and \u201cTraditional Financial Institutions\u201d.<\/p>\n<p><strong>Day 2<\/strong><\/p>\n<p><img class=\"alignnone wp-image-27700\" src=\"\/en\/wp-content\/uploads\/2018\/11\/sg-fintech-fest-2018-day2.jpg\" alt=\"Chris Colbert Harvard Innovation Labs\" width=\"600\" height=\"280\" \/><\/p>\n<p>Chris Colbert of Harvard Innovation Labs opened the second day session with the topic \u201cHow Technology is Dead\u201d. He highlighted that the key to being successful in innovating is having an in-depth understanding of our customers. The \u201cAI in Finance Summit\u201d kicked off with a panel discussion on the Future of AI. The Global Investor Summit brought together the investment and enterprise communities to showcase the best of next generation ASEAN start-up and growth enterprises across all sectors.<\/p>\n<p><strong>Day 3<\/strong><\/p>\n<p><img class=\"alignnone wp-image-27701\" src=\"\/en\/wp-content\/uploads\/2018\/11\/sg-fintech-fest-2018-day3-300x191.jpg\" alt=\"Narendra Modi, Christine Lagarde, Ong Ye Kung\" width=\"600\" height=\"381\" \/><\/p>\n<p>The FinTech conference ended with a bang, we hear from international and local dignitaries, including <a href=\"https:\/\/www.linkedin.com\/in\/narendramodi\/\" target=\"_blank\" rel=\"noopener noreferrer\">Narendra Modi<\/a>, Prime Minister of India, <a href=\"https:\/\/www.linkedin.com\/in\/christinelagarde\/\" target=\"_blank\" rel=\"noopener noreferrer\">Christine Lagarde<\/a>, Managing Director of the International Monetary Fund, and Ong Ye Kung, Minister for Education of Singapore and Board Member of the Monetary Authority of Singapore (MAS). PM Modi and Tharman Shanmugaratnam, Deputy Prime Minster of Singapore and Chairman of MAS, jointly launched the <a href=\"https:\/\/www.mas.gov.sg\/development\/fintech\/api-exchange\" target=\"_blank\" rel=\"noopener noreferrer\">API Exchange (APIX)<\/a>, an online global FinTech marketplace and sandbox platform from financial institutions.<\/p>\n<p>The conference concluded with the last panel exploring Technology and Society \u2013 Life Beyond Finance where the topic revolved around building next level technology to improve the lives of people worldwide.<\/p>\n<p><em><strong>References:<\/strong><\/em><\/p>\n<p><em>Singapore FinTech Festival 2018 Newsletter<\/em><\/p>\n<p><em><a href=\"http:\/\/www.mas.gov.sg\/News-and-Publications\/Media-Releases\/2018\/Singapore-FinTech-Festival-attracted-a-record-45000-participants-from-130-countries.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Monetary Authority of Singapore<\/a><\/em><\/p>\n<\/div><div 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