photos from: http://www.sporela.com/index.php/latest-singapore-business-news/3314-inaugural-singapore-fintech-festival-to-be-held-in-nov2016
source: http://www.channelnewsasia.com/news/business/singapore/singapore-s-first/2691168.html
Deputy Prime Minister and MAS Chairman Tharman Shanmugaratnam launched the Festival at a roadshow in New York City on Wednesday. The US city is the first in a series of global outreach initiatives Singapore's central bank is conducting to draw the attention of the global FinTech community to the possibilities for innovation and collaboration on offer here, the press release said.
In his speech, Mr Tharman affirmed Singapore's stake in the advancing FinTech sector.
He said: "What we are trying to do is to push the envelope. We are trying to find new ways of doing the financial business, every area of business, in a way that makes more sense to the customer, a borrower, a lender, a middle-class saver, someone who’s making payments, someone who’s receiving payments."
He added that with digitisation taking place across global industries, it is more timely than ever for banks to engage proactively with technology.
"We are at the cusp of a new wave in finance that is I think very promising. There's no assurance it’s going to succeed, but it shows great promise - promise of delivering better value to the customer. That’s really what we’re trying to achieve in FinTech," said Mr Tharman.
