The Monetary Authority of Singapore, in partnership with 91springboard and DBS Bank, has brought the Fintech Festival road-show to Mumbai.
The Singapore Fintech Festival will be held from November 14th-18th and bring together the global financial community for a week long celebration of innovation and entrepreneurship in the alternative finance space.
The festival – which will include a global hackcelerator, conference, regtech forum, tech risk conference and awards ceremony – has begun with a road-show, the India leg of which was held in Mumbai earlier this week. Fintech innovation hub ‘Rise Mumbai’ hosted the event at its new co-working space, which was also developed in partnership with 91springboard – an Indian co-working office space specialist for fintechs.
91springboard representative Vikram Sud said that the decision to bring the roadshow to Mumbai would capitalise well on India’s budding fintech system.
“We are excited to be leveraging out platform to nurture the next generation of innovators and thinkers that will revolutionise the future of the financial services,” he said.
“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.”
MAS chief fintech officer Sopnendu Mohanty said that the Indian fintech ecosystem was a forward-thinking and diverse mix of startups with great potential in the Asia region.
“We had a diverse mix of attendees from VC’s, financial institutions, trade associations, start-ups, accelerators and universities. [The] event is a microcosm of the fintech ecosystem in Singapore and India,” he said.
“It represents the excellent opportunity for Indian start-ups to work in Singapore in creating impactful and market-ready solutions for the finance sector.”
Up to 20 participating individuals or organisations from the Mumbai leg of the roadshow will be selected to join the MAS’ 10-week global hackcelerator and present their solutions in Singapore in November.