Switzerland and Singapore to Teamup on Fintech

Switzerland and Singapore, the often called Switzerland of Asia, are looking towards financial sector digitalization. A conference slated for June in Zurich seeks to do just that.

The Point Zero Forum» intends to bring public sector leaders together with top private sector counterparts in businesses and finance, from June 21 to 23 in Zurich, Switzerland’s State Secretariat for International Financial Matters (SIF) announced on Monday.

The event will feature a high-caliber lineup, including Swiss Federal Councillor Ueli Maurer and Singapore’s Deputy Prime Minister Heng Swee Keat, who will open the event. The President of the Swiss National Bank (SNB), Thomas Jordan , and UBS Group CEO Ralph Hamers, will also be in attendance, according to the program from the website.

The directors of the respective financial supervisory authorities, Ravi Menon from the Monetary Authority of Singapore (MAS) and Urban Angehrn from the Swiss Financial Market Supervisory Authority (Finma) will also join the conference.

Deputy Prime Minister Heng Swee Keat, who also serves as Coordinating Minister for Economic Policy,  sums up the need for such an endeavor.

Digital technology has enormous potential to change the world for the better, especially through finance. To unleash the potential, we need to seek new ways of working together, address key global challenges in partnership, and seize the new opportunities.