A tale of 44 cities | Singapore S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a SingaporesBest workspace and accelerators Hub features Top FinTech companies Hub profile Technologies Dragon Wealth, Call Levels, Fastacash, MatchMove Pay, MoolahSense, L Crowdonomic, Otonomos, Fitsense. on do Data analytics nG Big investors o UX v e r Full range of angel, VC, corporate venture divisions and government entities. Sn Big data im n ge aGn Examples include: GIC, Temasek, EDBI, Singtel Innov8, Life.SREDA, 500 Startups, l po b a l F Machine learning oit rCn es n et r eu Sequoia Capital, Jungle Ventures, Golden Gate Ventures, Quest Ventures. 3p Gamification p o r New t Success stories Y or Innovation areas k Allianz Digital Labs MDAQ is backed by prominent investors, valued at over $250m. Also, it is Aviva Digital Garage noteworthy that, as well as startups, incumbent financial institutions in Singapore BASH Investment management are proactively embracing FinTech. Singapore is a leading international financial centre and a serious Block 71 Compliance contender for the global number one spot in FinTech. Government InCitibank’s Corporate andCyber security Sn Consumer Innovation Labs i l i co o The move by the MAS to bring in industry talent to drive FinTech forward paid rich n ValleyINDEX SCOREv Exellerator support for FinTech is strong with S$225m committed to the a Wealth management t dividends and positioned the MAS as the leading regulator to drive progressive i o Fatfish MediaLab Robo advisors development of FinTech projects and proofs of concept. ther c nFocusTech Ventures thinking in FinTech innovation. initiatives include the egulator Sandbo loud omputing 112BDutluHSBC's Innovation Lab nisunioer InspirAsia Challenges The future Guidelines Strategic lectronic aments FinTech ffice ‚ƒS ssegLattice80 Singapore successfully hosted the FinTech Festival in November 2016. Initiatives „nnovation …ab „nternational Technolog ƒdvisor anel andMetlife’s Lumenlab Regulatory uncertainty Talent †evelopment.Low Rank Ocbc Open Vault Risk averse culture being run and in the pipeline include: the Unified Point of Sales (UPOS) roll-out of SPH Plug & Play Underdeveloped startup terminals, Central Addressing System (CAS) payment technology, Trade Finance Standard Chartered Bank’s distributed ledger proof of concept, SoCash cash withdrawal technology, and e Startupbootcamp FinTech ecosystem Banking-as-a-Service. 6rtis TCF-PnP Program RexednIpe The Joyful Frog Digital Incubator gulanoitavonnI labolG ex UBS Evolve tioy to Hub representativenmit Monetary Authorityoxi of SingaporePr Chief FinTech Officer Sopnendu Mohantyrs Foreigstome n startupity to cu sProxim Data to be updated in full report (Sibos, October 2017) 105
A Tale of 44 Cities Page 104 Page 106