2. 2
Singapore FinTech Association (SFA)
The Singapore FinTech Association (SFA) is a cross-industry, non-profit
organization, the purpose of which is to support the development of the FinTech
industry in Singapore. It facilitates 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.
SFA also partners with institutions and other associations, from Singapore and
globally, to cooperate on initiatives relating to the FinTech industry.
We are registered with the Registrar of Society Singapore as a non profit with the
registration number T16SS0197E.
3. 3
Mission
CONNECTCOLLABORATE
CO-CREATE
Educate, inform and communicate by
developing a connected FinTech ecosystem,
channeling effective and relevant information
among members and externally.
A platform designed to
effectively facilitate
collaboration between all
market participants and
stakeholders in the FinTech
ecosystem.
To represent the FinTech
industry, uphold the integrity
of its members, and support
the building of relationships
within the wider FinTech
community.
4. 4
Benefits of SFA Membership
SFA membership isn’t just about showing your support for the Singapore
FinTech Industry. We exist to support our members, and provide a range
of member-only benefits such as:
! Opportunities to influence policy through our Policy Sub-Committees, which feed
directly into the Government’s FinTech Advisory Group
! Support resources relating to Legal, Tax and Regulatory compliance matters
! Special discounts and offers from our service partners that help make your
FinTech Startup a success
! Heavily discounted tickets to SFA events and workshops
! Opportunities to promote relevant jobs and meetups, and other important news
on SFA digital platforms and social channels
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Membership Structure & Fees
There are 2 classes of memberships:
(a) Ordinary Membership – For FinTech companies registered in Singapore
(b) Associate Membership - All others which do not qualify for Ordinary
memberships.
Membership fees:
Click here to apply for membership
Gross Annual
Revenue
First Year (incl S$100
entrance fee)
Annual Renewal
< S$1mil S$200 S$100
S$1mil or more S$1,100 S$1,000
7. 7
FinTech Appreciation @ Singapore Poly
SFA committee giving a low-down on FinTech,
regulation and blockchain to students and
lecturers in Singapore Poly on 2nd Nov. 2016.
8. 8
SFA Launch Party @ Lattice80
SFA was launched on 11 Nov 2016 by the
MAS Chief FinTech Officer Sopnendu
Mohanty. The party was well attended by
over 300 guests at the lovely Lattice80.
9. 9
Innovation Roundtable Luncheon @ Lattice80
SFA organised an Executive
Roundtable Luncheon with Senior
Executives from Splunk, a machine
data analytics provider.
Topic was on corporate innovation
where Splunk CEO, Doug Meritt,
shared his innovation journey and
challenges in innovating a S$10b
market cap tech company.
10. 10
Blockchain Bootcamp @ Singapore Poly
SFA partnered with ACCESS to organise a
Blockchain bootcamp to about 30 students
and lecturers at Singapore Poly on 16 Dec
2016. Basic concepts of FinTech, regulation
and blockchain were introduced in the
morning, followed by more advance concepts
of blockchain in the afternoon before wrapping
up with a blockathon, whereby the participants
applied blockchain concepts to business use
cases
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MOU with 5 local Polytechnics on 1st Feb 2017
The first MOU that SFA has inked with the polytechnics
– Nanyang Polytechnic, Ngee Ann Polytechnic,
Republic Polytechnic, Singapore Polytechnic and
Temasek Polytechnic. The MO underscores SFA’s
commitment to enhance the FinTech eco-system
through active and continuous engagement of
polytechnic students. MoU covers educational
workshops, internships and Innovation Lab crawls for
the students.
12. 12
Singapore India Business Dialogue on 20th Feb 2017
SFA is one of the key supporting organisations for
the Singapore India Business Dialogue held at Pan
Pacific Hotel on 20th February. The event is
organised by Singapore Business Federation
(SBF), in collaboration with Confederation of Indian
Industry (CII), International Enterprise (IE)
Singapore, High Commission of India in Singapore
and Singapore Indian Chamber of Commerce &
Industry (SICCI).
Innovation presentations were then given by 6
outstanding Singaporean companies with feedback
by panels of experts from India, including one of the
SFA members, New Union.
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Blockchain bootcamp @ SP on 7th Mar 2017
In the spirit of encouraging fintech education in
Singapore, Singapore Polytechnic co-organised a
Blockchain Bootcamp together with the Singapore
Fintech Association (SFA). Attended by over 50
students and lecturers from other schools, the
bootcamp covered Blockchain 101, group activity
on apply blockchain to Capital Market use cases as
well as sharing by an industry blockchain startup
founder.
The bootcamp was conducted by industry veteran,
Mr Branson Lee (Business Development Director,
Blockchain Foundry) and well-received by the
students and lecturers alike. After understanding
the fundamentals of Blockchain which includes a
demo on the technology, it was an eye-opening
experience for all to understand how it applies in a
real-world startup shared by Mr Kai C.Chng (CEO,
DigixGlobal).
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Poly, SFA - Visa Innovation Lab Crawl on 10th Mar 2017
This is the inaugural lab crawl as part of our
partnership with the polytechnics and Visa. By
visiting the labs, students will get to experience
how innovative technology is being experimented
and applied in a financial institution in their
products and processes, hence enhancing the
students’ understanding.
In this event, the students learned about the future
of payments and challenges in the payments
landscape.
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MOU with NTUC U Associates on 12th Mar 2017
SFA signed MOU with NTUC’s U Associate,
together with seven other associations such as
Association of Crypto-Currency Enterprises and
Start-Ups Singapore, Institute of Parks and
Recreation Singapore, Internet Society, Nanyang
Technological University School of Electrical and
Electronic EngineeringAlumni Association,
Singapore FinTech Association, Singapore Institute
of Aerospace Engineers and TechSociety Group.
By joining the U Associate ecosystem, SFA will
partner with the Labour Movement to help working
PMEs with skills upgrading and career progression
in the FinTech sector, enabling them to become
future-ready.
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Participation in U Startup Day on 30th Mar 2017
U Startup, which aims to provide the start-up
community with a network of talent, industry
leaders and potential partners, was officially
launched on 30 March 2017, by the National
Trades Union Congress (NTUC).
Singapore FinTech Association (SFA) conducted a
special workshop on "Blockchain for Capital
Markets", on the day of the launch itself, to enable
start-up founders and partners to get a better
understanding of the FinTech start-up landscape.
17. 17
innovfest unbound – fintech360 on 4th May 2017
The Singapore Fintech Association and unbound
co-organised the fintech360 satellite event in the
innovfest unbound 2017, to bring together the
fintech ecosystem, build relationships, share
knowledge, and create business opportunities.
The multi-format fintech360 brought coverage
across the brave new world of money, featuring
deep dives into key areas of disruption and
spotlights for the most exciting innovations,
covering a wide spectrum of topics ranging from the
rise of Asian FinTech to globalising FinTech.
All SFA members were given 2 complimentary
tickets to the event worth $900.
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MOU with Copenhagen FinTech on 22nd May 2017
“It is the right time and with the right people” stated
H.E. Dorte Bech Vizard, Ambassador of Denmark
to Singapore and Brunei, at the signing of the first
Memorandum of Understanding (MOU) between
Copenhagen Fintech and the Singapore Fintech
Association. The event, held in Singapore, is to
kick-start the exploratory process between the
associations. This includes the potential scope of
collaboration, identifying possible roadblocks and
building a bridge between Singapore and
Copenhagen.
Both countries are similar in size and
demographics. Each enjoys a straightforward
business culture combined with stable regulatory
environments. With these characteristics, they may
be used as a test bed for solutions and provide
access to the wider markets of Europe and ASEAN
respectively.
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Membership Benefits
- You can be part of the working groups/committees
- You shall have access to research reports released by SFA at no extra cost
- You can submit recommendations for any policy document submitted by SFA
to the relevant government authorities
- SFA can organize roundtables targeting your specific area of business with
your sponsorship
- You can share article in SFA's website and newsletters etc
- You can enjoy networking opportunities through events, committee meetings
etc
- You can enjoy priority access and discounts to training workshops and events
organised by SFA or partner companies
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Strategic Partners
Partner of SFA who contribute funds supporting programs
on educational workshops, cross-border collaborations and platform
development.
There are two categories of such partners:
• Gold Partner – Partners who contribute $25,000 are eligible to get company
logo on SFA website and featured in the relevant category of the SFA
Business Directory for 5 years.
• Silver Partner – Partners who contribute $5,000 are eligible to get company
logo on SFA website and featured in the relevant category of the SFA
Business Directory for 1 years.
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Service Partners
Legal Partner
Co-Working Partner
PR Partner
Partner of SFA who contribute in kind or with services to help achieve its
objectives. Members from these partners are able to serve in specific
sub-committee or support group related to their area of expertise.
Managed hosting Partner
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Overall Structure
Advisor Board
Executive Committee
Sub Committees
Membership
Shared Services Group
Partnership
Education
Networking Policy
Talent
Finance Legal
Marketing Technology
Women
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Governance Structure
Advisor Board
Group of industry veterans and subject matter experts for providing guidance and mentorship to the
association. Executive committee shall decide on nomination process and tenure of such members.
Executive Committee
Group elected every year by all the members during the AGM. Three mandatory post bearers – President,
Secretary and Treasurer must be elected from among the 10 member elected committee.
Sub-Committee
Special focus groups created by executive committee to execute specific objectives. There are five such
committees at the outset. Creation or dissolution of these committees shall be decided by Executive
committee as per needs of ecosystem. Leader and member of these shall be nominated by executive
committee and these will not be part of annual elections. Each sub-committee must have at least one
executive committee member as part of it.
Shared Service Groups
Group comprising of functions required to be conducted by the Association all the year round. These
groups can’t be dissolved by Executive Committee. Leader and member of these shall be nominated by
executive committee and. Leader and member of these shall be nominated by executive committee and
these will not be part of annual elections. Each group must have at least one executive committee member
as part of it and these will not be part of annual elections
Secretary shall be default Chairperson of Legal Shared Service Group.
Treasurer shall be default Chairperson of Finance Shared Service Group.
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Key Sub-committees
Membership
• Reviewing and approving members
• Addressing any issues and concerns raised by members
Education
• Organize training and learning workshops for students and working adults
Talent
• Support local FinTech organizations in getting interns and employees
Networking
• Organize events for local community and manage event calendar
• Liaison with events happening in South East Asia and ensure visibility for SFA
Policy
• Serve as bridge between startups and regulators to help develop industry friendly policies
• Represent the industry constituents to various government bodies and institutions
Women
• Support bringing in more women in Fintech landscape and support upcoming leaders
• Develop diversity programs and engage with corporate partners to support them
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Shared Services Group
Partnerships
• Assist all the sub-committees on their projects
• Develop strong relationship with overseas stakeholders like industry associations
Marketing
• Managing event marketing, awareness, social media, EDM etc.
• Work with media outlets, event organizers to convey SFA profile and
Technology
• Maintaining the portal and build any additional features if and when required
• Maintain registration, CRM and EDM system to ensure normal operations
Finance
• Manage accounting for all expenses, check receipts, sponsor funds
• Submit annual accounts to Registrar of Societies and adhere to accounting practices
Legal
• Maintain compliance with all relevant regulations and requirements from Registrar of Societies
• Secretarial functions and legal requirements as per constitution
27. 27
Contact Us
Speak to us. We enjoy connecting!
For enquiries, feedback and suggestions: hello@singaporefintech.org
Follow us:
www.twitter.com/sg_fintech
www.facebook.com/singaporefintech
www.linkedin.com/company/singaporefintech
Click here to apply for membership
