Last week was a whirlwind of meetings, networking sessions and all that’s new in the financial technology community. The recently concluded Singapore Fintech Festival, in Singapore (obviously) had a lot to offer. The weeklong affair saw attendees from some of the biggest players in FinTech like Visa, MasterCard, as well as bright young startups.
Being the biggest Fintech event in APAC, we at Crayon couldn’t resist being there to catch the latest in digital and disruptive banking.
Of course, we weren’t there only to evangelize our AI-powered personalization platform, maya.ai (though it was on our list). There was a lot to observe and learn from the FinTech community. The themes this year focused on sustainable FinTech, exponential technologies, global markets and the future of finance. Here are some of the key takeaways from the event.
A spotlight on biometric-based fraud prevention
One of the biggest topics of conversation was anti-fraud processes for banks. Several companies, like Keyless, pitched products that were aimed at making the KYC (Know Your Customer) process faster, and more secure at the same time.
Startups from the FinTech community offered a comprehensive platform that used biometric technology to supplement the customer onboarding process. These also included in-built fraud prevention systems.
This article was first published on 20th November 2019. You can read the full article here.