In days 12—14 November with our representative, Ondrej Mikulcik, attended the conference Singapore Fintech Festival, which is the largest industry conference in the world. Singapore is also a source of innovation in the areas of wealthtech and fintech, which often subsequently spread to the rest of the world. In this article we will share with you those The most interesting trends and other insights we have noted at this event.
The theme that permeated most of the lectures and also appeared in many of the exhibitors' marketing materials was artificial intelligence. It seems that this is a truly revolutionary technology that many companies are actively and successfully implementing in their products. At the conference we could see examples of the use of AI for example for assessment of the risk profile of loan applicants or for Analysis of Startups helping VC investors. The term also resonated very strongly. “Agenic AI” — that is, the use of AI focused on a specific area that can not only analyze data, but also perform certain actions. An interesting example from the field of DevOps was a solution that, thanks to AI, allows even a non-technical person to use a command in the chat interface to start a certain cloud service or perform another technical operation.
Although about digital assets and Cryptocurrencies they are no longer talking as much as a few years ago, when it was an extremely popular topic and many businesses were looking for ways to use them, specific casas de uso are only beginning to appear now. A highly accented theme was, for example, stablecoinswhich have gained popularity in recent years when used for cross-border payments. Company It's JPMorgan for example, at a conference she announced the launch of her project JPM Coin on Coinbase's Base network to better connect traditional banking and the Web3 world.
The conference included a smaller stage devoted purely to lectures focused on Fintech greening and its sustainable operation. However, even on the biggest stages there were lectures and panel discussions on the topic of sustainability. It was discussed, for example, Mandatory reporting of companies in the field of sustainability, about National Plans to Achieve Climate Neutrality and about how companies from the fintech sector fit in.