Switzerland Global Enterprise and the Swiss Business Hub ASEAN announced that they will showcase the best of the country’s fintech ecosystem and expertise under its Swiss Pavilion in the upcoming Singapore FinTech Festival 2019.
Returning for the third year, the Swiss Pavilion will host close to 30 companies involved in cutting-edge innovation in financial services technologies that encompass regulation technology, blockchain solutions, Big Data and analytics, algorithm trading and cybersecurity among others. The Swiss Pavilion, one of the larger national pavilions taking part at the Singapore festival, will present opportunities for co-innovation, collaborations, partnerships, and deal-making.
The Switzerland Global Enterprise (S-GE) is pleased to showcase the Swiss ecosystem of top financial institutions and leading Fintech players at the Singapore Fintech Festival 2019. As one of the Top 10 Financial Centres of the world, Switzerland offers the ideal combination of dense and diverse ecosystem in the fintech space, a regulator addressing the needs of the industry and a great pool of talents to create new solutions for the future, said Patrik Wermelinger, Member of the Executive Committee of Switzerland Global Enterprise.
Besides demonstrating the expertise of Swiss companies to international audiences, the other goal of the Swiss Pavillion is to enable Swiss fintechs to use Singapore as a hub to grow in the Southeast Asia (ASEAN) region, Wermelinger added.
Interest from Swiss fintech enterprises in Singapore has been growing rapidly. Over the past few years, we have seen escalating interest from Swiss fintech companies to spread their winds into ASEAN using Singapore as a hub. There is potential for more Swiss-Singapore exchanges and it is my wish to see more of such collaborations. Together, we can explore more markets and help the financial institutions grow rapidly, said H.E. Fabrice Filliez, Switzerland’s Ambassador to Singapore.
Switzerland is home to over 1,000 fintech companies, deeply active in Investment Management, Payment solutions, Banking infrastructure and Deposit & Lending. Their interest to a greater presence in Singapore arises from the republic’s fintech cooperation framework and agreements with ASEAN, China, India, Japan, and South Korea.
Singapore’s annual FinTech Festival is organized by MAS, in partnership with The Association of Banks in Singapore, and in collaboration with SingEx Holdings. The 4th edition of the Singapore FinTech Festival will attract a global array of speakers and exhibitors.
The upcoming event will carry four major underlying themes that are driving the financial ecosystem: Sustainability and Climate Finance; Future of Finance; Exponential Technologies and FinTech and Beyond.