As the fintech landscape in Singapore continues to expand and evolve, the need for an updated, comprehensive registry has never been clearer, according to an update shared with CI.
As stated in the announcement, the upcoming launch of the SFA FinTech Ecosystem Registry in June has been confirmed. It will be replacing the current SFA Directory.
The SFA Directory has reportedly “served as a trusted resource over the years.”
However, recognizing the dynamic nature of the fintech ecosystem, they’re now focused on transitioning “to a more versatile and comprehensive solution.”
The SFA FinTech Ecosystem Registry is “designed to simplify the identification and evaluation of companies within the local fintech scene, enhancing collaboration and propelling development opportunities forward.”
Upon submission, company information will “be integrated into the SFA FinTech Ecosystem Registry and will contribute to the Fintech State of Play 2.0, an initiative led by PwC, the SFA and the Monetary Authority of Singapore (MAS), gathering valuable insights and feedback from all key stakeholders, painting a detailed picture of the industry’s current status and future direction.”
As mentioned in the update, this initiative offers “a detailed analysis of Singapore’s fintech sector, focusing on industry trends, future prospects, and providing useful statistics on funding trends and local fintechs.”
With the SFA FinTech Ecosystem Registry’s launch in June, the SFA Directory will be retired, marking a significant milestone in the journey “towards fostering a more connected and informed fintech community.”
SFA is a cross-industry, non-profit initiative “intended to be a platform designed to facilitate collaboration between all market participants and stakeholders in the FinTech ecosystem.”
It is designed to be an effective platform “for members to engage with multiple stakeholders to find solutions to issues.”
As explained by its management team, the overall / primary goal is to support the development of the FinTech industry in Singapore and “to facilitate collaboration among the participants.”
