11.13.2018

Innovate Finance And Singapore FinTech Association Sign MoU

Innovate Finance, the UK FinTech membership association and Singapore FinTech Association, the cross-industry and non-profit organisation supporting the development of the FinTech industry in Singapore, today signed a Memorandum of Understanding (MoU) at the Singapore FinTech Festival to cement cooperation and greater collaboration between the UK and Singapore FinTech markets.

The partnership builds on the existing FinTech bridge between the UK and Singaporean governments and intends to foster closer ties on industry initiatives and explore more ways to support and promote the two organisations and their members, including events and programmes, research and insights and scaling support.

Natalie Ceeney CBE, Chair of Innovate Finance, said: “I am delighted to have signed this Memorandum of Understanding with the Singapore FinTech Association. This agreement is representative of Innovate Finance’s continued support for both business and regulatory alignment between international FinTech Hubs. We have previously supported the UK Government and the FCA in their work to provide channels to working collaboratively overseas. We intend to work in partnership with the Singapore FinTech Association to ensure a mutually beneficial and competitive environment for FinTech firms to succeed.”

Hock Lai Chia, President of Singapore FinTech Association, said: “We are delighted, with the signing of this MoU, to formally connect the U.K. & Singapore FinTech community. The SFA looks forward to exploring ecosystem partnerships with our British colleagues, and to strengthening the FinTech bridge of the two leading FinTech hubs of the world.”

Source: Innovate Finance

Related articles

  1. Swap Clearing Volumes Rise in Asia

    Assets under management have more than doubled since 2012.

  2. The lab is the bank's first in Asia Pacific and completes the global network.

  3. Blockchain will support the issuance, trading, clearing and settling of digital securities.

  4. Japanese customers could previously only access ForexClear through international subsidiaries.

  5. Hong Kong Aims to Extend Shanghai Link

    The paper aims to help professionalise the digital asset industry.