Asian institute for digital finance to start operations in Singapore by end-2020
THE Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will jointly set up a research institute that supports the needs of digital financial services in Asia. Read more at The Business Times.
Tell us what you think. Email us firstname.lastname@example.orgThrough the education programme, AIDF will build the fintech leadership pipeline for Singapore and the wider region, according to the statement.When it comes to research, AIDF will pursue foundational and interdisciplinary research projects which cover fundamental digital infrastructure, performance optimisation of business processes and advanced application development research on cyber, fraud and anti-money laundering challenges.
The institute will also develop financial services to meet sustainability and resiliency needs in focus areas such as digital assets and ledger technology, artificial intelligence and machine learning, digital finance platforms, green finance technology and next-generation financial services on 5G networks.
Next, AIDF will establish a"Fincubator" programme promoting entrepreneurship and provide the support to drive ideas and projects by promising students and entrepreneurs into market-ready products and services.MAS managing director Ravi Menon said:"Located in the heart of the fastest-growing digital finance market in the world, the institute will facilitate the expansion of knowledge and skills among fintech leaders in the region and support the digitalisation of economies in Asean and beyond." headtopics.com
NRF chief executive Low Teck Seng said AIDF will help build strong fintech research capabilities in Singapore and commercialise high-impact research ideas to deliver practical and innovative solutions for the market.NUS president Tan Eng Chye said:"Fintech is making a profound impact on financial services, and will continue to drive the transformation of the financial services industry in Singapore, which is an integral part of Singapore's ambition to be a Smart Nation.
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