The Asian Banker’s Post

Asia's fintech regulators coming through! 📢 Planning to do business across APAC? Money20/20 Asia 2024 is where you'll get firsthand unique insights into the region's complex fintech regulatory landscape. Want to learn more? These regulators are coming to #Money2020Asia to share how they stay updated on emerging technologies and effectively address potential risks and consumer protection issues, ultimately propelling fintech growth and fostering cross-border collaboration across Asia! Buy your pass here: https://bit.ly/4cxxS0N Daranee Saeju Bank of Thailand Ryosuke Ushida Financial Services Agency, Japan (JFSA, 金融庁) George Chou Hong Kong Monetary Authority (HKMA) Dr. Wong Huei Ching Securities Commission Malaysia

Exciting News from the Singapore FinTech Association (SFA)! 🤩 🔔 We are thrilled to announce the launch of the FinTech Self-Assessment Checklist for Financial Institution Partnerships, developed by our Financial Institutions Working Group, comprising major banks in Singapore. This innovative tool is designed to help FinTechs evaluate their readiness for successful partnerships with financial institutions by identifying areas for improvement and enhancing engagement success. ✅ With this checklist, you can: ✓ Gain insights into Financial Institutions' key considerations. ✓ Enhance your partnership prospects. ✓ Improve your engagement by focusing on what matters to Financial Institutions. 🔗 Download the self-assessment now and discover how prepared your FinTech is for partnership success with Financial Institutions: https://lnkd.in/gDkS3qug As partnerships between FinTechs and traditional Financial Institutions become crucial for driving innovation and ensuring compliance, this checklist provides a structured approach to assessing readiness and addressing gaps. By utilizing this tool, FinTechs can better align with industry standards and position themselves for effective collaboration within the financial ecosystem.🌐 #FinTech #FinancialInstitutions #Partnerships #Innovation #SFA #Fintech #SelfAssessmentChecklist Shadab Taiyabi | Khai Lin Sng | Chye Kit Chionh | Scott Krivokopich | Adrian Ang | Adrian Chng | Bernard Chan| Matthew Lovatt | Pauline Sim | Shi Mei Chin | Tan Chun Hao | Reuben Lim | Shakeel Rashid | Swati Sodhani | Adeline, Bee Yen Lau (ACII) | Sylvia Saw McKaige | Gwendolyn Loh | Sheryl A. | Christine Chua | Samantha Soong | Chung Wei Tat | Kayleen Tan | Shania Mu

'If you want to go fast, go alone; if you want to go far, go together'. How many of us have heard or quoted this before. And how many of us know its origins. I have just learnt a new word 'Paremiology' which means study of proverbs. And sadly there is no clear answer on the origins of this proverb. My curiosity was mainly to draw a simple reference here to the benefits of collaboration with the fintech growth in Asia. Curious about how Asia is leading the fintech revolution? With digital payments set to reach USD 1.2 trillion by 2025, the region is a hotbed of innovation and collaboration. Discover how AI, cross-border payments, and strategic partnerships are reshaping financial services. Insights from Money20/20 in Thailand reveal the trends driving this transformation and how financial institutions like HSBC are at the forefront of this exciting journey. Ready to dive into the future of fintech? Read on! https://lnkd.in/gazdi2ec #Fintech #Asia #DigitalPayments #AI #Innovation #HSBC #Money2020 #Collaboration #FutureReady #DigitalTransformation Shayan Hazir | Manoj Dugar | Vincent Lau | Geraldine Y. | Louisa (lulu) Zhang | Maria Cristila Cabanting | Eva Lueckemeier | Kaiwan Turel | Matthew Yung | Jenefer Dearman | Alan Ho

How is fintech reshaping businesses in Asia? Shadab Taiyabi, Partnerships & Ecosystems Lead at HSBC Singapore, emphasises the transformative power of ecosystems and collaborative networks between banks and fintechs: “Ecosystems are at the heart of Asia’s digital economy development, and the innovation around them shows no signs of slowing – whether in ASEAN, mainland China or along the region’s key trade and investment corridors.” Read our latest insights: https://grp.hsbc/6044cnCJ6 #HSBC #Fintech #Ecosystems #Innovation

How is fintech reshaping businesses in Asia? Shadab Taiyabi, Partnerships & Ecosystems Lead at HSBC Singapore, emphasises the transformative power of ecosystems and collaborative networks between banks and fintechs: “Ecosystems are at the heart of Asia’s digital economy development, and the innovation around them shows no signs of slowing – whether in ASEAN, mainland China or along the region’s key trade and investment corridors.” Read our latest insights: https://grp.hsbc/6049cnC3v #HSBC #Fintech #Ecosystems #Innovation

The highly anticipated 3i Africa Summit has garnered endorsement from key players in the fintech industry, with over 3,000 industry leaders from 78 countries confirming their participation. This ground-breaking event, set to take place in Accra from May 13 to 15, 2024, will catalyze innovation, investment, and impact in Africa's rapidly evolving fintech and financial services sectors. Developed through a strategic partnership between the Bank of Ghana (BoG), and Development Bank Ghana, and supported by Elevandi, a subsidiary of the Monetary Authority of Singapore (MAS), the 3i Africa Summit aims to spearhead transformative discussions, address critical growth and investment opportunities, and explore how market players in the financial ecosystem are embracing digital transformation. https://lnkd.in/dCY48yBW

🌐 Singapore FinTech Festival 2024 was all about the future in action, with conversations ranging from tokenization and cross-border payments to product innovation and green finance—ideas shaping the industry. 😇A huge thank you to everyone who connected with us at the booth, showed interest in Vayana, and engaged with our team. Last but not the least, a big shoutout to our team who brought their expertise and energy, making every connection count. Big takeaways, stronger connections. This is just the beginning. See you in 2025! 🎊 Ramaswamy Iyer Amit Parmar Bivek Ostwal Jain Vishal Gupta Kaushal Sampat Vinod Parmar chittur krishnan venkatesh Onkar Agnihotri Sharon Batliwalla Sumitomo Mitsui Banking Corporation – SMBC Group GFTN Constellar Cityneon Monetary Authority of Singapore (MAS) #SFF2024 #FutureOfFinance #SupplyChainFinance #TradeFinance #Credit #Cashflow #Compliance #Commerce #Tokenization #GreenFinance #CrossBorderPayments #Innovation #Fintech #VayanaOne #GlobalConnections

MAS Announces Establishment of Global Finance & Technology Network for Next Phase of FinTech Growth The Monetary Authority of Singapore (MAS) today announced the establishment of the Global Finance &Technology Network (GFTN)[1] to further strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services. The first phase of FinTech growth in Singapore was driven by experimentation, as well as promotion of key initiatives to harness technology and innovation in the financial sector. These included developing a regulatory sandbox framework, establishing cross-border payments linkages, piloting digital assets and tokenisation, and promoting Artificial Intelligence (AI) adoption as part of MAS’ goal to develop Singapore as a Smart Financial Centre. A key highlight has been the growth of the Singapore FinTech Festival (SFF), which has become the largest platform for the global FinTech community to collaborate on catalysing technology and innovation in finance...... https://bit.ly/4f3mB9n #GFTN #MAS_sg #Singapore #Business #Fintech #SoutheastAsia

Revolutionizing Finance in Asia: Singapore Fintech Association Leads the way! I'm happy to highlight the incredible work of the Singapore Fintech Association (SFA), a driving force behind the Lion City's thriving FinTech Ecosystem ! With around 500 member organizations, SFA is fostering collaboration, innovation, and growth in the fintech industry. #Singapore being the gateway to the Southeast Asian markets, is positioned as a regional FinTech hub. Triggering growth through enabling policies of innovation and digital acceleration, and through a vibrant digital transaction based economy Singapore is strengthening its position as an international financial hub. This has happened due to 🌟highly developed telecommunications infrastructures, 🌟connected population, 🌟skilled workforce, 🌟High level of digital payment adoption(97%) 🌟Favorable regulatory environment , sandboxing by Monetary Authority of Singapore (MAS) MAS 🌟#DigitalBanking growth There has been exponential adoption of fintech tools supporting, digital lending, alternative finance, digital payments, and cryptocurrencies. What's more, Singapore's fintech sector is booming, with FinTech funding/investments being nearly $1 Billion in 2024. SFA continues in its efforts to -Promote fintech education and awareness -Facilitate partnerships and collaborations -Advocate for supportive policies and regulations. The journey continues! #Fintech #APAC #SingaporeFintechAssociation #SFA #FintechRevolution #AsiaFintech #FinancialInclusion #Innovation #StartupEcosystem #FintechHub #Digital #Blockchain #Insurtech"