The Swiss Finance + Technology Association (SFTA) has signed a Memorandum of Understanding with the Singapore FinTech Association (SFA). This means that the two organizations will work closer together in the future to improve financial innovation in both markets. In a first step, a delegation from SFTA will visit the Singapore FinTech Festival in November. Beyond this, further collaboration is planned to create new connections and share knowledge between the FinTech ecosystems of Switzerland and Singapore.
Swiss Fintech + Technology Association now partners with Abu Dhabi Global Market (ADGM) to improve innovation and create new opportunities. John Hucker, the president of SFTA and Richard Teng, Chief Executive Officer Financial Services Regulatory Authority of ADGM, sealed this promising agreement in August 2017. For Swiss FinTech companies, this is a good opportunity to gain new insights and ease market entry.
FinTech has not only topped the buzzword list for at least the last three years but has also attracted huge levels of investment (peaking at US$19BN in 2015) from both Venture Capital funds and corporates. Over the course of 2017 however, levels of investment in the sector have slowed and, in some geographies, decreased by as much as 22% (Q1 2017 vs. Q1 2016).
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Going beyond the buzz word
If you consume financial news, chances are you have heard the term “FinTech” (a lot). There is no doubt; FinTech is a buzzword. Just three short years ago circa 2014, there was very limited discussion around the topic. Now, it is regularly splashed across mainstream media headlines. One need not look far for evidence as a simple search in Google Analytics reveals the mounting FinTech tsunami.
- 10+ years in Strategy, Innovation & Consulting:McKinsey & Company (3 years); Dalberg International Development Consulting (2 years); Zurich Insurance (since 2009).
- Co-founder of Innovation Unit at Zurich
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- 12 years of experience in the insurance industry globally
- Previously worked as a Manager with Accenture and Principal with The Boston Consulting Group (BCG)
- Certified insurance broker