Mumbai | 16th June 2020: In a first-of-its-kind virtual FinTech event, Asia’s Premier Virtual FinTech Fair (VFF2020) is all set to bring together companies across the Asian BFSI and FinTech eco-system. The event scheduled from August 4-5 2020, will host discussions by eminent industry stakeholders on the next stage of growth for financial institutions and the role FinTech will play in the post pandemic world. This is the first time a FinTech event is being hosted virtually in order to digitally create growth and networking opportunities for FinTech players and its stakeholders.
The largest online convergence, being hosted by FinStep Asia in partnership with Novsphere Media, is being supported by government body Invest Hong Kong and MEDICI. Over 20 FinTech ecosystems including those of Hong Kong, Singapore, Japan, Malaysia, Middle East and North Africa (MENA), Sri Lanka are also supporting VFF2020.
The event will facilitate discussions on the domains of AI and Big Data, Digital Banking, Blockchain, Cyber Security, Payments, InsurTech, RegTech and WealthTech. Over 16 virtual sessions, covering topics such as impact of pandemic on financial world and FinTechs, growing role of virtual banking in Asian markets, Open Banking, the growing influence of TechFin and investor focus in FinTech among others, will be discussed during the two day event.
More than 3,000 delegates and over 50 key global speakers on the subject are expected to attend the event. VFF2020 will bring together representatives of banking, technology and investment industries from across Asia to host impactful dialogues, public discussions and a curated exhibition with a display of the latest disruptive technologies. Registrations from top decision makers in more than 30 countries, including representatives from top institutions including Global Asset Managers, Banks and Technology firms, have been received for VFF2020.
Musheer Ahmed, Managing Director of FinStep Asia, said, “Many governments across the region have made FinTech a central part of their economic growth plans, but the impact of the ongoing pandemic on financial markets has restricted firms’ ability to grow their businesses. With the importance of FinTech to economies and communities undiminished, the Virtual FinTech Fair will help reunite the ecosystem and re-ignite the evolution of the financial services industry.”
Sherry Shi, Founder of Novsphere Media, said, “The Virtual FinTech Fair is designed to be a virtual incubator for innovators, thought leaders, start-ups and investors in the global FinTech community. It will help them face the challenges brought by the global pandemic through sharing the latest disruptive innovations and showcasing technology investments, as well as driving collaboration and business opportunities.”
King Leung, Head of FinTech at Invest Hong Kong, said, “As a proven FinTech launchpad and its resilience and relatively quick resumption of business activities in post-COVID, Hong Kong hopes to connect APAC’s FinTech businesses timely with the huge opportunities in India, Greater China, ASEAN and the rest of the world. We’re proud to support the Virtual FinTech Fair, which is an opportunity to connect the brightest minds in the APAC FinTech community and propel the transformation of the financial services industry.”
As an industry that relies on an interconnected ecosystem, FinTech has been hit particularly hard by COVID-19, restricting firms’ ability to find partners, raise capital and sell products. This risks seriously undermining Asia’s attempts to become a global innovation powerhouse and has delayed many projects that have huge potential to improve access to financial services.
VFF2020 will bring industry stakeholders to boost the industry and initiate conversations that drive the next level of growth for financial institutions and FinTechs.
