The Monetary Authority of Singapore in partnership with 91springboard and DBS Bank, held the India leg of the “Singapore FinTech Festival” road-show in Mumbai on 18th July. The event was hosted at “Rise Mumbai” – a FinTech innovation hub and coworking space developed in partnership with 91springboard.
Vikram Sud from 91springboard said “we are excited to be leveraging our platform to nurture the next generation of innovators and thinkers that will revolutionise the future of financial services This event was yet another step in the ongoing initiatives by 91springboard to promote the startup and FinTech ecosystem in India so we can continue to grow India’s role in this exciting space”.
The Singapore FinTech Festival,that will be held in Singapore from 14-18th November 2016, will bring together the global financial community in a week-long celebration of FinTech, packed with activities including:
- Global FinTech Hackcelerator
- MAS FinTech Awards
- FinTech Conference
- RegTech Forum
- Tech Risk Conference
Representatives from the MAS discussed these initiatives and opportunities to build global FinTech connections with startups, financial institutions and the investor community during the course of the evening.
Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore said“I’m heartened by the strong turnout today. We had a diverse mix of attendees from VC’s, financial institutions, start-ups, trade associations, universities and accelerators. In many ways, today’s event is a microcosm of the FinTech ecosystem in Singapore and India, and underscores the interest that both the sides have in collaborating with each other. The Global FinTech Hackcelerator is a case in point. It represents the excellent opportunity for Indian start-ups to work in Singapore in creating impactful and market-ready solutions for the financial sector. Earlier this year, MAS solicited 100 problem statements from the financial sector. India start-ups may look at fulfilling a subset of the problem statements, or even proposing new solutions that solve different market needs. Up to 20 teams will be selected to join the 10-week Global FinTech Hackcelerator and present their solutions in Singapore in November 2016 at the Singapore FinTech Festival.”
Startups in India, interested in applying for the aforementioned programs can apply on the official website.