About Our Event
Fintech in Supporting Financial Inclusion and Cross-Border Authentication
Hosts: Monetary Authority of Singapore (MAS), Guangdong Financial Regulatory Bureau (GD-FRB), Shenzhen Financial Regulatory Bureau (SZ-FRB)
Today’s world is increasingly globalised and connected, as more people are living, working and travelling across borders. The administrative burden of conducting secure, online cross-border transactions with public and private sector entities is still high. With an increasing number of transactions moving from face-to-face to online, and with the digital economy emerging as a key driver of economic growth, mutual recognition of digital identities between countries can accelerate trade in digital services and products and expand markets.
Join us to find out how one can perform online and high assurance transactions from anywhere based on digital identity and digital signatures. This session will cover how to build a trusted cross-border digital platform.
Also, financial institutions are often hesitant to provide financing to SMEs with limited or no credit history. For businesses that lack a credit history, it can be difficult to prove their ability to repay a loan, and therefore, they are denied the opportunity even to try. Find out how financial institutions can analyse additional information and paint a more accurate picture of an SME’s creditworthiness and can potentially expand their customer base to include more “thin-file” SMEs in a less risky and more effective way.
We also bring together leaders in the fields to discuss the opportunities, challenges and best practices of cross border collaboration and authentication.