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Innovate Finance and Singapore FinTech Association Sign MoU

-Associations to Cooperate on Supporting and Promoting UK and Singapore FinTech-

London and Singapore, November 13th 2018 — ​ Innovate Finance, ​the UK FinTech membership association and Singapore FinTech Association, the cross-industry and non-profit organisation supporting the development of the FinTech industry in Singapore, today signed a Memorandum of Understanding (MoU) at the Singapore FinTech Festival to cement cooperation and greater collaboration between the UK and Singapore FinTech markets.

The partnership builds on the existing FinTech bridge between the UK and Singaporean governments and intends to foster closer ties on industry initiatives and explore more ways to support and promote the two organisations and their members, including events and programmes, research and insights and scaling support.

Natalie Ceeney CBE, Chair of Innovate Finance, said: “I am delighted to have signed this Memorandum of Understanding with the Singapore FinTech Association. This agreement is representative of Innovate Finance’s continued support for both business and regulatory alignment between international FinTech Hubs. We have previously supported the UK Government and the FCA in their work to provide channels to working collaboratively overseas.  We intend to work in partnership with the Singapore FinTech Association to ensure a mutually beneficial and competitive environment for FinTech firms to succeed.”

Hock Lai Chia, President of Singapore FinTech Association, said: “We are delighted, with the signing of this MoU, to formally connect the U.K. & Singapore FinTech community. The SFA looks forward to exploring ecosystem partnerships with our British colleagues, and to strengthening the FinTech bridge of the two leading FinTech hubs of the world.”

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Innovate Finance

Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 and supported by the City of London and Broadgate, Innovate Finance is a not-for-profit that advances the country’s leading position in the financial services sector by supporting the next generation of technology-led financial services innovators.

More than 250 global members have joined the Innovate Finance ecosystem to date. These companies range from seed stage start-ups to global financial institutions and professional services firms. All benefit from Innovate Finance’s leading position as a single point of access to promote enabling policy and regulation, talent development, and business opportunity and investment capital.

By bringing together the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more sustainable, more inclusive and better for everyone.

Singapore FinTech Association (SFA)

SFA is a cross-industry and non-profit organization the purpose of which is to support the development of the FinTech industry in Singapore, and to facilitate collaboration among the participants and stakeholders of the FinTech ecosystem in Singapore. SFA is a member-based organization with its members representing the full range of stakeholders in the FinTech industry from early stage innovative companies to large financial players and service providers. To further its aim of developing the FinTech industry in Singapore, SFA also partners with institutions and other associations from Singapore and globally to cooperate on initiatives relating to the FinTech industry.