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The Singapore FinTech Festival (SFF) is set to showcase innovative ideas from the global fintech community, with a focus on digitalisation and artificial intelligence (AI). MAS managing director Chia Der Jiun expressed excitement over new business models and the collaboration within the fintech ecosystem. The event will feature discussions on AI, quantum computing, digital assets, and sustainability, attracting key players from various sectors.
This year's SFF, taking place from November 6 to 8, is expected to surpass last year's attendance of 66,000. The festival includes various zones for regulation, technology, talent, and investment, facilitating knowledge sharing and mentorship. With the rise of AI and digital assets, the fintech landscape is evolving rapidly, and Singapore aims to remain at the forefront of these developments.
• AI and digitalisation are central themes at the Singapore FinTech Festival.
• Generative AI poses both opportunities and risks in the financial sector.
Generative AI can enhance productivity in banks by assisting customer service agents.
Digital assets are a key focus area for innovation and investment in fintech.
An AI Governance Handbook is being developed to manage risks associated with AI.
MAS plays a crucial role in regulating and facilitating innovation in the fintech sector.
This organization collaborates with MAS to enhance the fintech ecosystem and drive innovation.
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