Mention Italy, you probably will think about football or Ferrari. But do you know that Italy also has a vibrant FinTech eco-system?
In fact, there are eight companies will make their maiden appearance at the Singapore FinTech Festival (SFF) 2022 at Singapore Expo. They will be showing off their latest technologies and services at the 54 square-metre Italian Pavilion in Hall 5 (Booth 5H23) to over 60,000 participants expected at the event.
Ms Rossella Gentile, Deputy Ambassador of Italy to Singapore, said: “The Italian FinTech ecosystem has enormous potential. Although small in size, it is a fast-growing sector attracting increasing investments and talents. Our policy makers and institutions support Italian companies engaged in this digital revolution and encourage foreign investors to recognize the potential of these realities. The Italian Recovery and Resilience Plan, for example, allocates 11.44 billion euros for digitalisation and innovation to strengthen research and development centres investing in FinTech, big data, quantum computing and other key technologies.”
The Italian Pavilion is made possible by the Italian Trade Agency, with the support of the Italian Ministry of Foreign Affairs and International Cooperation, and in collaboration with the Italian Association of FinTech & InsureTech (AssoFintech).
In addition, the Bank of Italy will be participating in the SFF for the third consecutive year, with Deputy Governor Alessandra Perrazzelli speaking at this year’s event. The Bank of Italy’s continued participation at the SFF signifies of the commitment of Italian institutions to the FinTech sector in Singapore and the region, and a recognition that Singapore is a critical location and a major global player in the FinTech sector, offering key talent, expertise, know-how and experience that start-ups in the industry will find invaluable on their growth journey.