Singapore FinTech Festival 2024 Wraps Up With 65,000 Attendees – Yurika.R

Singapore FinTech Festival (SFF) returned for the ninth edition, attracting 65,000 participants from 134 different countries and regions.

The annual gathering brought together diverse stakeholders from finance, technology, and regulatory sectors, positioning it as one of the premier FinTech events worldwide.

Positioned as a landmark event exploring the transformative potential of artificial intelligence (AI) and quantum computing in shaping the future of finance, the focus was on harnessing the power of cutting-edge technologies to drive sustainable and inclusive economic growth within the financial sector.

Singapore FinTech Festival 2024 Sets Sights on AI, Quantum Tech

Building on the success of SFF 2023, which attracted over 66,000 attendees, this year’s festival will convene a global audience of policymakers, industry leaders, entrepreneurs, and innovators.

This year’s exclusive Insights Forum involved over 2,300 participants, including policymakers, regulators, investors, and industry leaders. The forum hosted 40 roundtable discussions that tackled themes like the evolution of financial infrastructure and strategies for achieving net-zero environmental goals on a global scale.

Alongside this, the Regulation Zone attracted more than 3,400 participants, including representatives from 665 central banks, regulatory bodies, and government agencies.

The Technology Zone featured 64 informative sessions centred on AI, quantum technologies, blockchain, and payment systems for e-commerce. Meanwhile, the Founders and Investors Zone facilitated more than 580 meetings between investors and startup founders, paving the way for meaningful investment opportunities and partnerships.

In the Talent Zone, SFF collaborated with academic partners to host 180 mentorship sessions and certification programs, underscoring the event’s commitment to cultivating a future-ready talent pool in FinTech.

Liquidity is still provided by having a central point. If you have a dvp contract who should be in charge of that? It’s hard to rethink how mechanisms work. We need to bring more value than just tokenisation – @UBS ‘s Lauren Schepens at #sff2024 pic.twitter.com/iZCl8h8bHE

— Blockhead (@blockhead_co) November 6, 2024

Project DAMA 2, led by Deutsche Bank, was unveiled during the event as part of the Monetary Authority of Singapore’s (MAS) Project Guardian.

The multi-chain asset servicing pilot brings together Memento Blockchain and Interop Labs to create a Minimum Viable Product (MVP) that leverages blockchain technology to improve digital asset management, fund distribution, and servicing.

Deutsche Bank-Led Project DAMA 2 Unveiled in MAS’s Project Guardian

Deutsche Bank’s Project DAMA 2, unveiled at the Singapore Fintech Festival, uses blockchain for multi-chain asset servicing, led by Memento and Interop Labs

At a fireside chat on day 2 of SFF, Chia Der Jiun, managing director of the MAS, articulated the regulator’s comprehensive vision for the fintech sector, which aims to establish Singapore as a leading global hub for financial technology. 

Chia emphasized asset tokenization’s economic benefits such as reduced duplication, cost savings, increased speed, and enhanced efficiency in various financial operations: “It’s going to cut duplication, cut cost, increase speed, but cut time, The use cases are also very clear across multi currencies, payment settlement, treasury management, collateral management, and, of course, security settlement.”

MAS MD Chia Der Jiun: “Potential is There for Asset Tokenisation”

MAS sees the combination of efficiency, accessibility, transparency, and regulatory backing as reasons why asset tokenization will be a transformative force in the financial sector.

Next year’s SFF will celebrate a decade of innovation in FinTech from 12 to 14 November 2025, with the Insights Forum scheduled for 10 to 11 November 2025. The event is expected to continue fostering collaboration within the global finance, policy, and technology communities.

Blockhead was a supporting media partner for the Singapore Fintech Festival. Download our report “Bridging the Gap: How AI & Blockchain Are Shaping the Digital Assets Landscape” here.

Bridging the Gap: How AI & Blockchain Are Shaping the Digital Assets Landscape (Report)

Jointly produced by Blockhead and its research arm, Blockhead Research Network, this report explores the convergence of Artificial Intelligence (AI) and blockchain technology, highlighting their transformative potential in modern digital ecosystems.