It has always been a great experience participating in the Singapore FinTech Festival and this edition, #SFF2023, was no different.
As expected, the impact of #AI & its use cases in fin-tech / BFSI was the prevailing theme, with many industry leaders predicting this wave of technology to be more revolutionary and game-changing for mankind than any other wave before. Because, this time, AI is disrupting the disruptors.
#Payments, which has potentially seen the highest innovation since the beginning of fin-tech, still continue to be a key focus area for the entire ecosystem, given the sheer impact it has on day-to-day lives. Key themes include instant payments, cross-border payments, embedded payments, interoperability of payments, and Digital Public Infrastructure (DPI).
Within DPI, India stack and #UPI shine bright as a massive success story, with many countries/regulators/private organizations/VCs wanting to emulate India's proprietary payments stack and the businesses built on top of it. NPCI has walked a fine line here in setting up the infra itself but letting the ecosystem (traditional & fintech) build business use cases on top of it. They again reiterated at the event that their competition is cash, not the likes of Visa and Mastercard.
My colleague Rahul and I have summarised our key takeaways from the 3 days of sessions & meetings at #SFF2023 here - https://lnkd.in/dU8cfRgu
If you are building in these spaces or passionate about these areas, please reach out to us at Venture Highway to have a chat.
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