Switzerland Focus on Fintech innovation to continue charting the future
20 Swiss fintechs showcase the latest innovations under the Swiss Pavilion in Singapore to meet new, evolving environmental, social and governance standards
SINGAPORE – Media OutReach – 7 November 2022 – Fintech players need trust and legal certainty to develop their innovations, and such innovation requires well-trained and creative professionals, said Swiss Federal Councilor Ueli Maurer, who shared his views at the Singapore Fintech Festival 2022. The The annual festival has just ended.
He added that the more developed a financial market is, the more likely it is that the conditions can be met, pointing to Switzerland and Singapore as ‘exemplary’ examples of this.
The future of successful financial centers begins when stability and legal certainty can be combined with an openness to new technological developments. “There is a growing awareness that fintech innovation and sustainable finance need to be better connected. In the face of global challenges with climate change and energy shortages, fintech companies can make a decisive contribution to solutions. This requires linking financial innovation and sustainable finance, he said.
The Swiss finance minister shared his views in the presence of 20 Swiss fintech companies participating under the Swiss pavilion at the Singapore event. The Swiss pavilion was organized by Switzerland Global Enterprise and Swiss Business Hub ASEAN.
Maurer also highlighted the importance of Point Zero Form, a platform for global leaders across the public and private sectors to drive meaningful exchange of ideas and knowledge to advance Web3 and Sustainable Finance in the digital economy. It was held in Zurich earlier this year.
Singapore and Switzerland will collaborate for the second time in 2023.
The Singapore Fintech Festival and Point Zero Forum alternate on a bi-annual basis and are designed to help cross-pollinate important ideas and discussions around fintech. They are good examples of international cooperation and as platforms for exchanging opinions and knowledge.
“The Point Zero Forum serves as a platform to bring together policymakers, the investment community and innovative entrepreneurs to advance the future of financial services,” said Maurer.
Netcetera participated under the umbrella of Swiss Pavilion, a software-focused company offering ‘future-oriented’ products and individual digital solutions. Having opened an office in Singapore three years ago, it focuses on how Software as a Service (SaaS) solutions help organizations streamline and modernize their operations, bringing new products and services to market faster and at a lower cost cost than developing tailored solutions internally.
The other exhibitors at the Swiss pavilion include Adviscent, Altoo, Cardano Foundation, EriBancaire, Eternyze, F10, IMTF Group, Noumena Digital, Polixis, SEBA Bank, Securosys, SIX, SR Saphirstein (Fiat24), SwissCham, Swissquote, Sygnum, UBS Vestr and Wyden.
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