Singapore Fintech Festival

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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In this segment, we want to talk about the people behind a startup’s first few paychecks. 

Business management theory would say that the first people who would give startup money to founders are the friends, family and fools, or people who give what they have in their pockets not because they buy into the founder’s idea, but because they genuinely want to help.

As the company grows over time, startup founders would then seek to raise money from venture capital firms or institutional investors to scale their businesses. 

But between getting money from friends, family and fools and getting money from institutional investors lie a very special group of people. They’re angels who would put their capital in early stage startups based on their experience and subject expertise. 

But how do angel investors work, and how do they decide on what to invest? 

How far do they negotiate for a larger stake in the startups they invest in, how much say do they have in a startup’s direction for the future, and how do they prevent dilution as startups seek further funding from larger investors?

Also – does it make sense for angels to join angel syndicates and which are some of the companies that angels are seeking in the fintech field right now?

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian posed these questions to Ee Chien Chua, a Fintech Executive & Angel Investor and Vanessa Ho, Co-Founder, Investments, Fintech Nation.

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This year’s Singapore Fintech Festival surrounds six major themes that will frame 2025. 

At the front and centre of discussions is the Roadmap for AI and Quantum.

Of particular focus this year is the boom in generative AI, which uses algorithms to identify patterns within existing data to come up with new content, ranging from text, images, videos and even codes. 

The technology is said to hold the potential to radically change the financial services industry, with an EY analysis suggesting that rethinking the financial institution with Gen AI at its core has the potential to create US$200 billion to US$400 billion by 2023, with productivity gains reaching up to 30 per cent by 2028.  

In this panel discussion on the Roadmap for AI and Quantum, we looked at where fintech players are at right now when it comes down to generative AI adoption and what the road to achieving an AI-embedded future looks like for them. 

We also dived into emerging risks surrounding AI and challenges surrounding the adoption of quantum computing. 

Money Matters’ Finance Presenter Chua Tian Tian spoke with Lim Him Chuan, Group Head of Strategy, Transformation, Analytics & Research (GSTAR) and Group Executive at DBS, as well as Phoram Mehta, Senior Director and Chief Information and Security Officer, International Markets at Paypal for more, as part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024.

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Collaborations in the fintech sector are on the cards today, and with the year end holiday season very much in sight, why not talk about maximising your air miles through credit card spend?

Specifically, we want to talk about how Heymax, a startup aggregating consumers’ fragmented rewards, worked with digital payments leader Visa in rolling out new products and campaigns to customers throughout the course of the year. 

In May this year, Heymax announced a new innovation called Card Maximiser, in partnership with Visa. Powered by the Visa Offers Platform, the feature aims to help consumers seamlessly track their spending and optimise credit card rewards. 

More recently, Heymax and Visa in September came up with a sustainable travel campaign to double miles earned from MRT or bus rides using Visa-linked cards over the 9.9 period. 

But what are the key learnings from such collaborative initiatives? What are the benefits of getting startups and industry leaders to team up and what made them decide to work together again? How far is collaboration the way to go in the fintech space?

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian posed these questions to Adeline Kim, Country Manager for Singapore & Brunei at Visa, as well as Joe Lu, Co-founder & CEO of Heymax.

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Did you know that despite what appeared to be a tough time for funding and valuations, the global fintech report coauthored by Boston Consulting Group and QED Investors in June this year noted that the global fintech market remained a hotbed for innovation and growth. 

The firms expect fintech to reach a market size of US$1.5 trillion in revenue by 2030. That’s about a five times growth from numbers seen at the time the report was written.

However, the report, which was based on interviews with over 60 global fintech CEOs and investors, noted that the rules of the game are changing, with growth at all cost, in their words, “no longer the watchword”.

So what are the major themes shaping the financial technology sector in the longer term? What are the headwinds facing the industry right now and how far are they short-term corrections? 

And more importantly, what role will Singapore play in the growing fintech space for startups and industry heavyweights?

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian posed these questions to Shayan Hazir, Chief Digital Officer of ASEAN at HSBC and Reuben Lim, CEO at the Singapore FinTech Association.

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Technology is driving the transition to a more sustainable future. Green tech innovations are at the forefront of the global sustainability push, offering practical solutions to some of the most pressing environmental challenges.

Recently, UOB FinLab, the Bank’s innovation accelerator, awarded a total of
more than $100,000 to selected Green Technology (GreenTech) firms to pilot 15 sustainability solutions with UOB and its corporate partners across ASEAN. The pilot solutions and partnerships were unveiled at the GreenTech Accelerator 2024 Showcase Day as part of Singapore FinTech Festival’s Insights Forum.

We find out more about the trends and developments in the green technology space with Marianne Tan, Programme Director at UOB FinLab, and Emmanuel Tay, CEO and co-founder of Circular Unite, which is behind one of the 15 pilots selected for funding by UOB FinLab. They share their insights on the green technology ecosystem and the ways industry players are addressing pain points in sustainability.

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The global quantum computing market is estimated to be worth between US$45 billion and US$131 billion by 2040 (McKinsey). The single largest sector to be impacted is the financial services sector, with an estimated value at stake of US$450 billion.

To this end, the business world is rapidly transforming with two revolutionary technologies leading the charge; quantum computing and AI. Each of these technologies represents immense potential to redefine the boundaries of what's possible. This powerful fusion of quantum computing and artificial intelligence is emerging, and it promises to reshape our world in ways we can hardly imagine. 

Dipen Mehta, Head of Financial Services for SoftServe, a global IT consulting and digital services provider, sheds some light on the potential of quantum computing in financial services. 

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From digital innovation and manufacturing to infrastructure development and financial inclusion, India’s economy is poised for an economic transformation, with technology at the forefront of its growth.

According to a review report released by its government earlier this year, India’s GDP is estimated to hit the $7 trillion mark by 2030.

On this episode of Morning Shot, Anantha Nageswaran, Chief Economic Advisor to the Government of India shares his insights on what’s ahead for India and how the outcome of the US Presidential Election will affect the South Asian region. 

Presented by: Ryan Huang
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

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With the rise of digital assets, it can be quite an uphill journey and steep learning curve for both traditional banks and clients in navigating this space.

This is where Singapore-based digital payment solution provider MetaComp enters the picture. 

Describing themselves as the Compass of the Meta-Crypto World, Eddie Hui, COO and Co-President of MetaComp and Tin Pei Ling, Co-President of MetaComp, shares with us more about their vision, which is to build the bridge between traditional and crypto finance.

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While quantum computing is still in its developmental stages, it is gearing up to have a profound impact on the financial system.

According to McKinsey, by 2035, quantum computing use cases in the finance industry could create $622billion in value.

Here in Singapore, efforts are being made to tap into that potential. For example, just a few months ago, the Monetary Authority of Singapore announced plans to invest SGD$100 million to fund quantum computing and AI projects, as part of a scheme to support banks and other financial institutions as they innovate and develop capabilities in both quantum computing and artificial intelligence (AI) technologies.

Dr Joe Fitzsimons, CEO of Horizon Quantum Computing shares his insight on the potential impact of quantum computing in the financial sector and how might quantum banking change the financial system.

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This year’s Singapore Fintech Festival surrounds six major themes that will frame 2025. 

At the front and centre of discussions is the Roadmap for AI and Quantum.

Of particular focus this year is the boom in generative AI, which uses algorithms to identify patterns within existing data to come up with new content, ranging from text, images, videos and even codes. 

The technology is said to hold the potential to radically change the financial services industry, with an EY analysis suggesting that rethinking the financial institution with Gen AI at its core has the potential to create US$200 billion to US$400 billion by 2023, with productivity gains reaching up to 30 per cent by 2028.  

In this panel discussion on the Roadmap for AI and Quantum, we looked at where fintech players are at right now when it comes down to generative AI adoption and what the road to achieving an AI-embedded future looks like for them. 

We also dived into emerging risks surrounding AI and challenges surrounding the adoption of quantum computing. 

Money Matters’ Finance Presenter Chua Tian Tian spoke with Lim Him Chuan, Group Head of Strategy, Transformation, Analytics & Research (GSTAR) and Group Executive at DBS, as well as Phoram Mehta, Senior Director and Chief Information and Security Officer, International Markets at Paypal for more, as part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024.

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In many countries, financial inclusion is a critical challenge. One company in the Philippines is doing its bit to close the gap by opening the doors to digital lending for the unbanked, and unlocking opportunities to millions of underserved Filipinos. Fuse Lending is the official lending arm of leading finance app GCash, the number one finance super app in the Philippines. For some of the lessons we can take away on its journey so far, we check with Tony Isidro, CEO, Fuse Lending. 

Produced/Presented: Ryan Huang

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Did you know that despite what appeared to be a tough time for funding and valuations, the global fintech report coauthored by Boston Consulting Group and QED Investors in June this year noted that the global fintech market remained a hotbed for innovation and growth. 

The firms expect fintech to reach a market size of US$1.5 trillion in revenue by 2030. That’s about a five times growth from numbers seen at the time the report was written.

However, the report, which was based on interviews with over 60 global fintech CEOs and investors, noted that the rules of the game are changing, with growth at all cost, in their words, “no longer the watchword”.

So what are the major themes shaping the financial technology sector in the longer term? What are the headwinds facing the industry right now and how far are they short-term corrections? 

And more importantly, what role will Singapore play in the growing fintech space for startups and industry heavyweights?

As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian posed these questions to Shayan Hazir, Chief Digital Officer of ASEAN at HSBC and Reuben Lim, CEO at the Singapore FinTech Association.

See omnystudio.com/listener for privacy information.

As global financial institutions and consumers navigate economic and regulatory changes, more effective ways are sought to predict risk.

With the boom in generative AI, how has technology changed the financial services industry when it comes to financial crime compliance? What are the new challenges for financial institutions in the fight against financial crime?

Rohit Mittal,APAC Director of Financial Crime Compliance and Payments at global data and analytics company LexisNexis Risk Solutions, shares more.

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In an era of rapid digital transformation, efficient and innovative payment solutions are crucial for business success. 

On Industry Insight, we look at the latest in payment solutions, and explore the advancements in payment technologies.

From real-time transactions to embedded finance, what are some of the common initiatives industry players are focusing on, to help businesses scale and unlock new revenue streams through smarter and more secure payment infrastructures? 

Sarita Singh,Managing Director of Southeast Asia, India and Greater China with global financial infrastructure company Stripeshares her views. 

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Carbon markets have evolved into a significant international market segment that has generated $104 billion in revenue in 2024 to fund climate and nature programs.

Indeed, it is a growing sector, especially when energy transition and the race to net zero is entering a new phase of maturity in which nations and corporations are being held to higher levels of integrity in both compliance and voluntary carbon offset claims, reporting and data.

Singapore’s Green Plan 2030 aims to make the country Asia’s carbon services and trading hub.

Yet, there appears to be a slowdown in the voluntary carbon market. According to industry experts, the voluntary carbon market has been in the doldrums for two years amid doubts among buyers over the integrity of the process.

Project Qatalyst, a due diligence platform and the brainchild of Standard Chartered Bank and French multinational power company Engie believes strongly that carbon credits are an invaluable tool in financing climate action and drive the transition to net zero. 

Poyan Rajamand,venture lead for Qatalyst at SC Ventures, tells us more. 

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In today’s edition of Market View, we talk about the current state of financial markets and opportunities for the fintech industry ahead of the Singapore FinTech Festival, which is slated to run from 6 to 8 November. 

Attended by over 66,000 participants from 150 countries in 2023, SFF 2024, will feature over 950 speakers across 7 stages. They range from global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators and more. 

Given the ongoing artificial intelligence boom, this year’s event would examine the transformative potential of AI and quantum computing in revolutionising financial services and delivering sustainable and inclusive economic growth. It will also turn the spotlight on the role of FinTech in spearheading sustainable finance. 

James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth, as well as Shadab Taiyabi, President of Singapore FinTech Association joined The Evening Runway’s finance presenter Chua Tian Tian in the studio to give a taster of Singapore’s fintech story, the current market situation, how investors should invest in fintech, and what to watch at SFF 2024. 

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The Singapore Fintech Festival (SFF) will be back for its 9th edition from 6th to 8th November, preceded by the Insights Forum™ from 4th to 5th November. 

Since its inception in 2016, the SFF has provided opportunities for the global FinTech community to engage, connect, and collaborate on issues relating to the development of financial services, public policy, and technology.

Ahead of the festival, Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore shares his perspectives and exciting sessions to look out for.

SFF is organised by the Monetary Authority of Singapore, Elevandi, and Constellar, in collaboration with The Association of Banks in Singapore.

Presented by: Ryan Huang
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Singapore Fintech Festival 2024

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For this session, we’re going to talk about how artificial intelligence is influencing the way investment firms shape their business decisions. 

Founded in 1992, our guest Saxo is an international investment firm for investors and traders under the supervision of the Danish FSA, with a reach of over 2,500 professionals around the world including in key financial hubs such as Singapore.

Touted as one of the earliest fintech in the world, the firm’s platforms provide users access to global capital markets across asset classes, while its open banking technology powers over 200 financial institutions to enhance their investment experience.

With the AI fever pushing US equities to new extremes this year, what will this mean for Saxo in terms of the range of investment options it provides to users, and the companies it brings on board its platform? 

For one thing, the firm partnered with Jaaims Technologies in 2020 to facilitate investors to automate the management of their portfolios. But what are the reasons behind the move?  What role will wealth advisors play in the age of Generative AI then?

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Adam Reynolds, APAC CEO, Saxo.

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For this session, we talk to a company whose ticker symbol only has one letter. 

Bingo if you’ve guessed Visa. On that note, did you know that Visa was actually founded by the Bank of America when it launched its first consumer credit card programme in the US? 

Well, a lot has happened since, with the firm expanding internationally in 1974 and the introduction of the debit card in 1975. 

Fast forward to the present, Visa is a trusted network and a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across over 200 countries and territories. 

Just to give you some numbers, the company issued some 4.2 billion Visa cards as of March 2023, and oversaw 269 billion payments transactions for the 12 months ended June 2023. 

The firm is also seeing a number of developments of late, working with Swift to streamline cross border B2B transactions. But what is the rationale behind the move?

Meanwhile, the firm also launched its advisory service to help them better tap Generative AI and improve their payment experience. Question is – how far can Generative AI drive Visa’s business in its next bound of growth? 

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to  Adeline Kim, Country Manager for Singapore & Brunei, Visa.

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Supporting financial institutions in their efforts to leverage technology and transform digitally. That’s what we are going to talk about in this session with my guest from Temus. 

Established by Temasek in partnership with UST, Temus provides digital transformation solutions for the private and public sectors, and aspires to be a strategic partner in realising the Singapore Government’s Smart Nation vision. 

The Singapore headquartered firm has over 200 employees across a wide range of disciplines in strategy, design, architecture, technology, data and AI. 

In the field of finance specifically, Temus recently announced a transformative partnership with award-winning fintech firm Nexus FrontierTech. 

The collaboration aims to revolutionise the landscape of investing with the introduction of an AI-augmented portfolio management solution tailored for asset managers seeking unparalleled efficiency and performance. But what is the rationale behind this move and how far will this benefit FIs in Singapore? 

Meanwhile, the firm had in April signed a partnership with AI Singapore to catalyse digital transformation, promote AI adoption, and develop new AI technologies, solutions, and applications for firms based in Singapore. What will this mean for firms within the financial industry here?

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Marcus Loh, Director, Temus.

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It has been close to four months since our earlier interview with the CEO of HSBC Singapore Kee Joo Wong. 

At the time, we talked about HSBC’s new Innovation Banking Unit carved out from the UK subsidiary of SVB, and whether HSBC would move into catering services for players in the VC and startup landscape.

Kee Joo told me to keep a lookout for an interesting development out of the unit that will be announced at the Singapore Fintech Festival. 

The secret is now out, as HSBC Singapore announces a partnership with early-stage VC firm Antler to facilitate the growth of Southeast Asian innovation companies and entrepreneurs based in Singapore. 

This collaboration aims to provide startups and founders that are a part of Antler’s network access to financial expertise and banking solutions such as preferred business banking accounts, venture debt and working capital facilities designed to support their needs and enable their growth and future expansion.

But what is the rationale behind working with Antler? How will HSBC assess their risk profiles and ability to repay? 

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Jo Miyake, Chief Commercial Officer, Global Commercial Banking, HSBC.

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Broadridge, one of the global fintech leaders, recently launched BondGPT which helps users simplify workflow and boost efficiency in the portfolio construction processes. What are the functionalities and goals of BondGPT? Is generative AI reshaping the finance industry? On Money in the Market, Hongbin Jeong speaks to Joseph Lo, Head of Enterprise Platforms at Broadridge, about BondGPT and how generative AI helps improve financial trading. 

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The rise of AI in the payment industry offers various advantages in the payment industry. How has AI contributed to the payment industry's development? But other than artificial intelligence, what other trends are there in the payment industry? On What's Trending, Hongbin Jeong speaks to Judith Loh, Head of Strategic Sales at Worldpay, about the transformative trends in the payment industry.

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Guess what, the increasing convergence of AI advances mean that in the near future, that “what to watch next” suggestion on your Netflix could soon be possible when it comes to financial services!

What will such advances mean for seed-stage startups and what do investors watch out for when deciding which startup to fund? 

On this special Singapore Fintech Festival edition of Morning Shot, Sheel Mohnot, Co-Founder and General Partner, Better Tomorrow Ventures shares more.

Presented by: Ryan Huang 

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

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Did you know that Poland is becoming an increasingly attractive and leading market for activities in financial innovation due to its well-developed infrastructure, quality business environment and outstanding talent? 

In fact, the country boasts half a million IT professionals, the most in the Central East European region. Not only that, Poland also consistently ranks among the top three countries with the best programmers in the world. 

It is home to one the biggest game studios in Europe, CD Projekt - known for the Witcher series and the futuristic Cyberpunk 2077. And you know those little chat windows on websites? Poland's LiveChat is one of the companies making that magic happen.

Given these assets, the country is well positioned to tap the boom in the fintech sector and has also seen global fintech eager to enter the market. For one thing, the fintech sector grew by 32% from 2020 and by as much as 79% compared to 2018.

The market is also maturing with the debut of VC funds and the opening of R&D and business service centres by international financial instructions. More Polish fintechs are also taking the chance to think internationally and put themselves on the global map. 

But what are some success stories of Polish startups? And how can Poland and Singapore firms further collaborations to grow the fintech pie? 

For more, I speak with The Polish Investment and Trade Agency, or PAIH. The agency supports Polish fintechs and attracts foreign investment to the country, and is the first point of contact for investors and a partner for entrepreneurs. 

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to  Lukasz Grabowski, Director at Polish Agency for Trade & Investment and Magdalena Smolak, Head of PAIH Trade Office in Singapore.

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On Market View, Hongbin Jeong and Ryan Huang provide an afternoon roundup on the key highlights of Singapore FinTech Festival Day 2 and what are some of today's top finance news to look out for.

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AI has made its way into the blockchain industry wherein businesses are integrating it into its operations. How does AI fit into the world of cryptocurrency? Can we expect more adoption of AI into the crypto world? On Money in the Market, Hongbin Jeong speaks to Carney Mak, Head of Investment - FinTech at FXHB Asset Management, to find out more

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Generative AI is slowly being integrated into corporate and investment banks. But while there are opportunities and benefits, AI also comes with new risks. So what are the potential consequences of integrating AI in this area? How will banks mitigate its risks? On What's Trending, Hongbin Jeong speaks to Thomas Dohmke, CEO of GitHub, to find out more on the impact of generative AI in the banking and finance industry.

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"Central bank digital currencies (CBDC) have the potential to replace cash, but adoption could take time," said Kristalina Georgieva, Managing Director of the International Monetary Fund at the Singapore Fintech Festival 2023.

Even as cash grows incompatible with the digital economy, how prudent must countries be in their adoption of CBDCs?

On this special Singapore Fintech Festival edition of Morning Shot, Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union shares her perspective.

Presented by: Ryan Huang 

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

Music/sound credits: pixabay & its talented community of contributors

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What does it take to drive digital inclusion, ensuring that people have consistent and equal access to digital information, services, and products?

On this episode of Morning Shot, Leong Sing Chiong, Deputy Managing Director of the Monetary Authority of Singapore shares his perspective.

Presented by: Ryan Huang 

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

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For layman investors, it’s often a challenge to hunt down sustainability reports by companies, make sense of how transparent they are, and if the data is based on science.

On this episode of Mind Your Business, Gordon Tveito-Duncan, Co-Founder of GaiaLens shares more about his company's real-time ESG analytics platform that provides scientifically curated data ESG data of some 19,000 companies. 

Presented by: Ryan Huang & Audrey Siek

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

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You might have heard of Stormtroopers in the Star Wars franchise. But what about YouTroopers?  

Well, YouTroopers is a term used to describe globetrotters who use multi-currency mobile wallets and prepaid debit cards by fintech startup YouTrip!

Launched in 2018, YouTrip is a regional financial technology startup that seeks to empower people with a smarter and more convenient way to pay in foreign currency through in-app exchange. Think of it as a money changer, but located within a mobile application. 

Besides providing individuals with a hassle-free way to pay in foreign currency through in-app exchanges, the firm also provides individual and SME clients with personal and corporate cards that they can use to spend in stores. 

The company raised US$50 million in its latest Series B funding round to invest in technology and innovation, as well as to hire over a hundred workers to launch in new markets across Southeast Asia.

But why is the firm expanding aggressively at this time, and what kind of innovations can we expect on this front?  How will that accelerate financial inclusion in the region?

In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Arthur Mak, Co-Founder and Chief Product Officer, YouTrip.

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On Market View, Hongbin Jeong and Ryan Huang provide a breakdown of the events that happened during this year's Singapore FinTech Festival 2023 Day 1, what we can expect for the following days, as well as top financial headlines that you might want to consider. 

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AI has been increasingly integrated in multiple sectors, including the FinTech industry. As it rapidly expands, is there any need for it to be integrated into your investment portfolio? Does it play a key role in your wealth management plans? On Money in the Market, Hongbin Jeong speaks to Samuel Rhee, Co-founder and Chairman of Endowus, to find out more on the implications of AI in future investments and in wealth management. 

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The FinTech Talent Report 2023 unraveled distinctive trends, challenges, and opportunities in the financial and technological local landscape. What are the key findings of the report? Will AI replace the human workforce in the future? On What's Trending, Hongbin Jeong speaks to Shadab Taiyabi, President of Singapore FinTech Association, to discuss this year's findings.

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With the theme, AI for good. AI for good?, there are lots to look forward to at the Singapore Fintech Festival 2023, where MONEY FM 89.3 is the official radio station. We preview some of the exciting conversations and events for you to check out.

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Policymakers, financial institutions and industry stakeholders are gearing up for the highly anticipated Singapore Fintech Festival, which will be happening in Singapore from November 15 to 17. 

Organised by the Monetary Authority of Singapore, this annual event, known for its valuable networking opportunities aimed at fostering innovative collaborations, serves as a dynamic platform for fintech startups, established financial institutions, and technology enthusiasts to come together and explore the latest trends, cutting-edge technologies, and transformative ideas in the world of finance and technology.

Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore shares more on what to expect at this year's festival.

Money FM 89.3 is an official media partner of the Singapore Fintech Festival 2023.

Presented by: Ryan Huang

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

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