Providing solutions across the fintech spectrum – everything from analytics to insuretech and regtech – New Zealand companies are looking at the Festival as a unique platform from which they can build customer and partner relationships in Singapore and wider Asia.
A range of both established New Zealand fintech firms and startups are looking north towards Asia to take advantage of the growth in demand for services in developed markets like Singapore, as well as developing markets across Southeast Asia where there are large populations of unbanked consumers in the Philippines, Indonesia and Vietnam looking for banking and remittance solutions.
Companies such as Xero and Delta Insurance have already established a presence in Singapore and are using it as a base to expand into Asia while others such as Velocity and Eight Wire, finalists at the Global FinTech Hackcelerator, are ready to solve hard problems faced by the Finance sector.
The CEO of New Zealand software and analytics company Eight Wire, Jason Gleason, is looking forward to meeting potential customers and channel partners from across the region at the Festival. Recognising the Future for Eight-Wire is “definitely [as] an APAC and global company”, Finech Week will further enable the company to have conversations with global reinsurers and banks. He says Eight Wire’s value is in being able to help businesses move data effectively across borders, particularly a key focus in Southeast Asia. The company is using APAC as the stepping stone to the rest of the world, with Singapore providing a perfect launchpad, given its relative size similarities with New Zealand, as well as similar language and legal systems.
Meanwhile New Zealand company 9 Spokes has already experienced the Finetch Festival excitement, having participated last year through a collaboration with KPMG’s Digital Village. The experience was so valuable, the company is returning for a second year. Senior Vice President Chris Simmons says the real value of the event lies in the opportunity to build connections and networks, and set up meetings with the right people, describing it as a “key event” for the company.
Look out for the following New Zealand companies attending Singapore Fintech Week in November 2018. Read the full article >