Singapore, 23 June 2021 – The Singapore FinTech Association (SFA) announced today the launch of SG FinTech Club, an initiative conceptualised by SFA and the Monetary Authority of Singapore (MAS), to foster deeper social engagements among local FinTech professionals and corporates and enhance the vibrancy of the FinTech ecosystem.

Since 2016, the Singapore FinTech ecosystem has seen a strong growth in the number of FinTechs and the FinTech talent pool, making it a leading fintech hub for the region as well an increasingly salient part of the country’s financial sector, which, in total, accounted for around 13 percent of Singapore’s GDP last year. Today, there are over 1,400 FinTech’s in Singapore accounting for more than 10,000 employees. As technology continues to drive change across the industry, the SG FinTech Club seeks to bolster meaningful connections and knowledge-sharing, enabling FinTech professionals to further grow their skills and build expertise.

SG FinTech Club will act as a community platform for SFA to bring the FinTech industry together by providing professionals and corporate members with access to exclusive community networking activities, content and upskilling sessions. SFA will also develop and curate the engagement programmes for the FinTech ecosystem and other lifestyle privileges. In addition, SG Fintech Club members can enjoy hospitality privileges offered by Supporting Partners, such as co-working spaces, which they can leverage on for social engagements. Through SFA’s existing membership platform, members can sign up for talent matchmaking sessions, industry expert mentorship programmes and masterclasses organised by SFA.

The Institute of Banking and Finance (IBF) and J.P. Morgan have also joined the initiative as Supporting Partner and Corporate Partner, respectively, to work with SG Fintech Club to curate skills and career development events.

Announcing the same, Mr Shadab Taiyabi, President of SFA, said, “We are proud to collaborate with MAS on the launch of SG FinTech Club, and play our part in contributing to Singapore’s thriving FinTech ecosystem. We hope that the Club would be the key platform for inspiration and innovation, where professionals in the financial services sector can come to exchange opinions, network, and explore endless ideas with other like-minded individuals. Through the Club, we strive to champion and bolster Singapore’s FinTech entrepreneurship growth, facilitate the sharing of insights, collaborations, discussions and advocate the importance of upskilling amongst professionals across the financial services industry.”

Commenting on the launch of SG FinTech Club, Mr Damien Pang, Deputy Chief FinTech Officer, MAS, said, “The rapid shift towards digital acceleration and increasing competition in the ecosystem has made it more urgent for FinTech professionals to stay relevant, connected and competitive. With SG FinTech Club, these professionals will be able to make deeper connections with fellow industry peers, upskill and access greater growth opportunities. This will also build a tight-knit community of talents, facilitate more collaboration within the industry and bring more value to the FinTech ecosystem.”

Mr Edward Bizaoui, Managing Director, Head of Corporate & Investment Bank Markets Technology Asia Pacific & Singapore Technology Center Lead, J.P. Morgan, said, “As Singapore continues to experience rapid growth in its FinTech sector, we are excited to be part of this important initiative to contribute meaningfully to the future of the FinTech workforce in this strategically critical market.”

Professionals and corporates in the Singapore FinTech community are welcome to join SG FinTech Club either as a member or as a sponsor. To sign up or learn more about the SG FinTech Club, visit https://club.singaporefintech.org/