The Union Finance Minister, Shri Arun Jaitley launches the mandatory use of Public Finance Management System (PFMS) for all Central Sector Schemes
He will address more than 160 leaders from central banks and regulatory agencies, financial institutions, venture capital firms and FinTech companies, the organisers of the Singapore FinTech Conference said.
Queen Maxima of the Netherlands will be speaking on using inclusive technology to build a better future in her capacity as the UN Secretary-General's Special Advocate for Inclusive Finance for Development.
The conference will focus on nine key themes, including global market insights; data analytics; tech risk; sustainable FinTech; and the future of FinTech.
More than 300 exhibitors from financial institutions, technology and FinTech companies will showcase their respective innovative technological solutions at the FinTech Exhibition, being held along with the conference.
On Thursday, the Global FinTech Hackcelerator will showcase 20 market-ready FinTech solutions that were shortlisted from 580 global submissions.
These solutions are intended to solve real-life industry problems in four areas, including customer-facing solutions, regulatory technology (RegTech) and financial inclusion.
It is being organised by the Monetary Authority of Singapore (MAS) inpartnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx Holdings.
More than 25,000 participants from over 100 countries will be attending this year's FinTech Festival which starts today and incorporates the conference and exhibition.
"It is a key thrust of our efforts to establish Singapore as a Smart Financial Centre and a transformational FinTech hub," said Sopnendu Mohanty, Chief FinTech Officer at MAS, the de-facto central bank of Singapore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)