A global festival for professionals in the fintech and deeptech industries will return to Singapore in December this year, in a format that will allow participants to attend events, both digital and physical, whenever they want and wherever they are.
The hybrid affair, to meet Covid-19 social distancing rules, will be a special feature of the second Singapore FinTech Festival (SFF) x the Singapore Week of Innovation and TeCHnology (SWITCH), which will be held from Dec 7-11.
Another new feature of the five-day festival involves highlighting the strength and resilience shown by some firms and trailblazing pioneers, Monetary Authority of Singapore (MAS) managing director Ravi Menon said yesterday.
"2020 is going to go down in history as the year of the pandemic, and the human cost is tragic, the economic cost is widespread.
"But I think that story would not be complete if we also did not tell the story of the people who exhibited great courage, resilience and creativity in the face of adversity, who found solutions to how life can carry on, how societies can continue to function," he said at a media briefing on Zoom to launch the event.
MAS is organising it with Enterprise Singapore and the National Research Foundation.
With its hybrid form, participants can take part in the festival's activities at any time of the day, said MAS and Enterprise Singapore in a joint statement yesterday.
As these activities will include panel discussions that will take place on video-conferencing platforms across the globe and streamed throughout the event, participants can go online any time to watch them.
The organisers have dubbed it the world's first "round-the-clock" event, in which participants can gain insights from global thought leaders on deeptech and fintech issues as well as network with international innovators, investors and collaborators.
Last year, about 60,000 people from 140 countries attended the inaugural show.
The coronavirus pandemic has underscored that innovation and resilience in people are integral in overcoming challenges, and it is for this reason that SFF x SWITCH 2020 will be themed "People and Talent", said the organisers.
"It will also honour individuals who have demonstrated remarkable resilience in overcoming obstacles to create new opportunities that have significantly advanced our society," they added.
Yet another new feature is the setting up of an "online city" by organisations, to overcome the obstacle of participants not being able to meet many people physically.
This "city" is a digital location given to each participating organisation. There, they can share and engage with participants as well as schedule one-on-one meetings.
Unlike last year's event, which was held at Singapore Expo, this year's festival will not have a main conference in a physical location. Still, there will be physical events which the organisers said will be hosted by partners around the world.
"Participants can access physical events hosted in their cities to network with local government and industry leaders, learn about the country's key government initiatives and local early-stage start-ups or access closed-door roundtables," they added.
