- SFA turns into everlasting AMTD Strategic Honorary Member; AMTD a SFA associate
- Collectively establishing the AMTD SFA World FinTech Fellowship Programme
Singapore FinTech Affiliation (SFA) and Hong Kong headquartered monetary companies conglomerate AMTD Group has signed a strategic collaboration on 13 July with the goal of supporting Singapore’s fintech group.
By this collaboration, SFA will grow to be a everlasting strategic honorary member of AMTD’s SpiderNet ecosystem, with AMTD in flip turning into a strategic associate of SFA. Each entities are dedicated to connecting their ecosystems to maximise the synergies of their respective members and empowering cross-regional and cross-industry alternatives.
The entities may also collectively set up a Fellowship Programme in Singapore.
“As Singapore’s FinTech ecosystem continues to grow and mature, SFA strives to collaborate with strong ecosystem players to empower our community. We are glad that AMTD and SFA share the same vision and can bring our partnership to a new level,” says SFA president Chia Hock Lai.
Including to that, AMTD’s chairman and CEO Calvin Choi says: “Singapore has been a global leader in fintech innovation. It is AMTD Digital’s headquarters and AMTD Group’s regional headquarters. There are growing needs from local fintech startups to expand from Singapore and apply their technology in and learn from partners in other markets.”
Choi expects the strategic partnership between AMTD and SFA to leverage on AMTD’s sturdy basis within the Larger Bay Space coupled with connectivity to international markets, and additional allow Singapore’s fintech startups to attach exterior of Southeast Asia.
The Fellowship Programme
SFA and AMTD will collectively set up an AMTD SFA World FinTech Fellowship Programme which is able to choose, yearly, as much as 10 excellent fintech entrepreneurs in Singapore, with essentially the most influential social impression and imaginative and prescient.
Every winner shall be admitted right into a five-year programme, during which they are going to be related to the worldwide fintech group together with these in Hong Kong, Larger Bay Space, Center East, Europe and North America by varied occasions initiated by each events.
As well as, an Honorary Advisor Committee shall be established with representatives from AMTD, Hong Kong Cyberport and different companions becoming a member of the committee. Every winner shall be assigned with an Honorary Advisor who will advise and information the entrepreneurs on strategic planning, administration abilities and help to assist navigate difficult instances.
Upon commencement from this five-year programme, the entrepreneurs will mechanically grow to be a everlasting member of AMTD World FinTech Management Membership. “SFA is excited to join hands with AMTD again to empower our fintech community. Having a strategic partner that can connect Singapore’s fintech players with the global market is essential to SFA’s global strategy, building upon SFA’s existing web of partnerships in over 40 countries,” Chia feedback.
Choi in the meantime expects the programme to empower and allow fintech entrepreneurs to contribute to Singapore’s competitiveness as one of the vibrant fintech centres on the earth.
This partnership builds on SFA’s collaboration with AMTD within the US$4.3 million (S$6 million) (MAS-SFA-AMTD Solidarity Grant, during which SFA acts because the fund administrator of the Enterprise Development Grant Scheme.
The grant scheme has obtained over 250 purposes up to now and goals to foster the continued development of Singapore-based fintech firms and assist offset their proof-of-concept prices. It’s nonetheless open for utility.