MAS launches latest range of fintech initiatives

While the air at the Singapore Fintech Festival was full of grand ideas about GenAI, real innovation was taking place in the weeds of fintech development.

The Singapore Fintech Festival, for all its aircraft hangers full of booths and demonstrations and keynotes and hackathons and huddles, tends to come down to a handful of fundamental ideas. For years it was blockchain; now, it is all about generative AI.

But the real meat of the conference has always been the practical, real things happening that are sometimes lost beneath the buzzwords and the hullabaloo – the “new pandemic”, as one banker put it, “of the NSNT: the Next Shiny New Thing.

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