In Sign of the Importance of Fintech, Swiss Finance Minister Ueli Maurer will Speech at the Singapore Fintech Festival | Instant News


Switzerland has emerged as a fintech friendly jurisdiction and home to many financial services companies focused on blockchain. The company has long been an important banking center and the Swiss government wants to maintain its status in a world undergoing digital transformation.

In a sign of the importance of Fintech, the Swiss Minister of Finance (Federal Ministry of Finance) Ueli Maurer will lead Switzerland’s participation in the upcoming Singapore Fintech Festival, sponsored by the Monetary Authority of Singapore, which is scheduled to take place next month.

Swiss Global Enterprise (S-GE) and ASEAN Swiss Business Center said that Asia remains an important market for the organization’s clientele, Swiss SMEs that are internationally oriented. S-GE is the official Swiss organization for export and investment promotion that supports Swiss SMEs in their international business and assists innovative foreign companies to settle in Switzerland.

The Swiss delegation will return to the Singapore Fintech Festival 2020 this year with the Digital Swiss Pavilion. The goal of GE-Goal is to enable Swiss and Lichtenstein SMEs to realize their international business potential in new and existing markets. Singapore is, of course, a top Asian Fintech hub.

Maurer will lead Switzerland’s participation with a keynote address entitled “Fintech, Sustainable Finance and Innovation” followed by a panel discussion on the strength of the Swiss financial hub that includes participation from: Thomas Gottstein, CEO of Credit Suisse Group AG; M Ralph Hamers, CEO of UBS AG, and Herbert J. Scheidt, The President of the Swiss Bankers Association shared their views. The sessions will be broadcast “live” from the SIX Convention Point in Zurich on December 7 (5pm SGT).

Registration for Swiss satellite events can finished here and free to the public.

According to S-GE, the seven Swiss Fintech companies will highlight their strengths in financial services technology including regulatory technology (Regtech), blockchain solutions, big data and analytics, algorithm trading, and cybersecurity. This event provides an opportunity for Swiss Fintech and their interested stakeholders in Asia to connect and build seamless business relationships.

The Swiss Fintech industry is said to be very interested in Singapore, which is seen as the gateway to Asia. Interest in gaining a greater presence in Singapore arises from the framework of the Swiss Fintech cooperation and agreements with ASEAN, China, India, Japan and South Korea.

HE Fabrice Filliez, Swiss Ambassador to Singapore, said:

“The participation of the Swiss Pavilion at the annual Singapore Fintech Festival is a major initiative. In 2020, participating companies will reflect the strength of the Swiss financial ecosystem, paving the way for collaboration and partnerships in joint innovation and new ventures. With Singapore as Switzerland’s most important trading partner in Asia, Swiss fintech companies view the republic as an important gateway to the wider Asian economic region. “



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