We want to give you a quick wrap of some of the announcements made at the Singapore Fintech Festival 2024, as well as the implications of the developments on the fintech industry.

One of the biggest announcements released ahead of SFF 2024 was how the Monetary Authority of Singapore set up the Global Finance & Technology Network or GFTN to further strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services. 

The GFTN will catalyse the growth of the Singapore FinTech ecosystem and drive greater synergies and networks with the global FinTech community. 

In particular, the MAS has said that the GFTN will work with the central bank to advance industry and policy dialogues in payments, asset tokenisation, AI as well as quantum technologies. It will also support the MAS’ efforts to grow a vibrant FinTech ecosystem, and scale SFF as the premier global FinTech event.

But speaking of driving synergies and advancing dialogues in emerging FinTech trends, we’ve also seen a number of private sector announcements by companies within the industry as well.

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian unpacked the developments with Wong Nai Seng, Financial Services Industry Regulatory Strategy Leader, Deloitte Southeast Asia and Grace Ho, Chief Commercial Officer, GoImpact Capital Partners.

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