A Swiss delegation representing the best of its financial technologies in the areas of AI, big data & analytics, and cybersecurity will be present at the Singapore Fintech Festival 2023 from 15 to 17 November 2023.
At the Swiss Pavilion, hosted by Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN, the Switzerland participants will showcase proven fintech expertise and cutting-edge solutions. This year’s festival theme is “Applications of Artificial Intelligence (AI) in Financial Services”.
Renee Koh, Head of Swiss Business Hub ASEAN, said:
“Swiss fintechs have grown more mature as they have emerged from an environment with strong regulatory frameworks that enable a lot of experimentation and testing. In doing so, they have developed a global competitive advantage and participants will bring this to bear at the Swiss Pavilion in Singapore.”
According to the World Intellectual Property Organization (WIPO) Global Innovation Index 2023 report, Switzerland is a leader in technologies such as artificial intelligence and blockchain.
Switzerland is one of the most advanced financial centres in the fintech and blockchain sector with over 1,000 companies operating in innovation-friendly framework conditions. It also became one of the first countries in the world to enact legal regulations for blockchain technology. This creates legal certainty and enables innovation and growth.
Around 50% of financial institutions supervised by the Swiss Financial Market Supervisory Authority (FINMA) currently use AI or have detailed plans to do so, according to its survey conducted in 2022. AI-based applications are essentially deployed in their front offices and for process optimisation purposes. Other areas of application include for example compliance and conduct, financial risk management, system monitoring and language translation.
One of the advocates for greater integration of AI in fintech, Modulos AG, aims to showcase its ‘Responsible AI Platform,’ which operationalises AI governance and ensures seamless alignment with international AI regulations.
Swiss Pavilion Exhibitors:
Adnovum is a Swiss IT company with core competencies that include the development of customized software, security and IAM solutions, as well as security consulting. Our client focus is on companies that want to differentiate themselves through future-oriented solutions, among them banks, insurers, transport and logistics companies and the public sector. For more than 30 years, Adnovum has been engineering and maintaining software and security solutions for established clients. As a full-service technology partner, we support our clients in the implementation of new business models from the initial idea to the rollout in production. In doing so, we combine tried and tested products with tailor-made components and state-of-the-art technologies.
Adviscent is Swiss software company which empowers Wealth Managers to seamlessly leverage their research and investment content for the benefit of Relationship Managers and Clients. To achieve this, Adviscent has pioneered a cutting-edge software system designed to write, format, and effortlessly distribute research and investment articles across a multitude of channels, including E- Banking platforms, mobile applications, and Relationship Manager Workplaces. Adviscent has its client base in Switzerland, Singapore, Luxembourg
and the Middle East.
ERI
ERI is the provider of the OLYMPIC Banking System, a fully integrated, front-to-back, parameter-driven digital platform supporting banks and financial institutions in streamlining their core business activities across their clients’ entire lifecycle. Over 400 banks and financial institutions across 60 countries have chosen OLYMPIC Banking System to streamline, automate and digitise their daily processes. Our solutions assist banks and financial institutions in achieving cost and operational efficiency while keeping the focus on anticipating their clients’ needs.
The platform provides a complete set of decision-making, transaction processing and control tools to support domestic and international core services. It comprises a functionally rich client centric Core System and a wide range of integrated front, middle and back-office functions: CRM, Client On-boarding, Regulatory Reporting, Portfolio and Order Management, Advisory and Digital Banking.
Modulos
Modulos AG, founded in 2018 and headquartered in Switzerland, stands at the forefront of AI technology. The company specializes in supporting organizations to develop and operate AI products and services within regulated environments. The Modulos Responsible AI platform empowers businesses to enact responsible AI governance policies, while simultaneously streamlining compliance through industry best practices. In navigating the complex landscape of AI, Modulos AG uniquely combines technological innovation with ethical responsibility to deliver impactful solutions.
RepRisk
Founded in 1998 and headquartered in Switzerland, RepRisk is a pioneer in ESG data science that leverages the combination of AI and machine learning with human intelligence to systematically analyze public information and identify material ESG risks. RepRisk’s flagship product, the RepRisk ESG Risk Platform, is the world’s largest and most comprehensive due diligence database on ESG and business conduct risks, with expertise in 23 languages and coverage of 225,000+ public and private companies and 60,000+ infrastructure projects. For 16+ years, the world’s leading financial institutions and corporations have trusted RepRisk for due diligence and risk management across their operations, business relationships, and investments.
Securosys: Your trusted partner for protecting your digital identities, keys, and secrets. Securosys SA, based in Zurich, is a global leader in cyber security and encryption, prioritizing data sovereignty. Our Swiss-
built Hardware Security Modules (HSM) secure financial markets, serving Tier 1 banks worldwide. Certified to the highest standards, our on-premise and cloud HSM solutions offer secure key generation, encryption, and digital signing for finance, healthcare, and other sectors.
SIX operates and develops infrastructure services for the Swiss and Spanish Stick Exchanges, for Post Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers.
For more than 90 years, SIX has provided financial data and services the industry needs: high-quality data, from all over the world, delivered at the right time, in the right way. From our core reference data on securities, prices, corporate events, tax and regulatory data, to our flagship indices and bespoke benchmarks, SIX offers added-value services that smoothly integrate with your workflows. We free your time and attention to spend on growing your business.
SwissCham Singapore
SwissCham is a non-profit organization representing Swiss business in Singapore and bridging bilateral commercial interests as well as encouraging knowledge creation and networking. SwissCham currently represents over 250 members ranging from startups to large multinationals, creating over 20,000 jobs in Singapore. SwissCham members get access to a community with a broad range of events and the possibility to easily network with other members. SwissCham supports members with their queries on setting up business, or any other SG matters. In addition, members have exclusive access to other chambers’ events. SwissCham’s 8 Sub-committees bring together subject matter experts to discuss cutting-edge topics. The main objectives of SwissCham Singapore are fostering the Swiss Community by providing a strong network; using knowledge for effective lobbying; remaining relevant through increasing membership portfolio and links to public and private institutions.
UBS is the largest truly global wealth manager and the leading universal bank in Switzerland. It also provides large-scale and diversified asset management solutions and focused investment banking capabilities. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm has operations and offices around the globe. UBS shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
WebAccountPlus
Introducing WebAccountPlus – the future of corporate advisory. Harness the power of advanced AI-driven insights and step into a world where data analytics meets unparalleled efficiency. Our fully digitalized multi-location and multi-tenancy platform offers cutting-edge multi-location accounting solutions, ensuring you’re always in control no matter where your business takes you. All these features are seamlessly integrated on the cloud, providing instant access, real-time updates, and top-tier security. WebAccountPlus is not just a tool, it’s your digital partner, geared to propel your business to new heights. Embrace the future, empower your decisions, and elevate your operations with WebAccountPlus.
This article first appeared on fintechnews.sg
