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KPMG, Singapore lure 30,000 people to FinTech

Organisers of the Global FinTech Hackcelerator programme is targeting more than 30,000 people, as part of the annual Singapore FinTech Festival.

The event which will take place from November 13-17 is being sponsored by KPMG Nigeria in collaboration with the Monetary Authority of Singapore (MAS).

The Senior Manager Fintech Practice, KPMG, Ladi Asuni, said the festival was expected to bring over 30,000 people from the global financial community together for a week-long expose of financial technology.

He stated that the Global Financial technology Hackcelerator 2017 is powered by KPMG Digital Village.

He added that it was aimed at looking for the most innovative start-ups from all over the world, who can address challenges in the areas of customer engagement, lending, insurance, asset management, and financial inclusion.

Asuni explained that the programme aims to get 1,000 applications from FinTech start-ups across the globe, adding that the top 20 teams would be selected for a 12-week Hackcelerator programme in Singapore.

“The top three teams would receive an additional cash prize of S$50,000 each. Financial Technology outfits across Nigeria have been asked to apply for the ‘Hackcelerator’ programme, and demonstrate how they can innovate to address the highlighted problem statements.

“The 20 shortlisted Fintechs will have the opportunity to work with KPMG as well as industry experts to further conceptualise and develop workable pro-types ready for the market.

“Last year 700 applied. For this year, we are expecting 1,000 applications. Out of the 1,000, the top 20 will be selected for the hackcelertor programme which will be beginning from August 28 to 16 November, where the three finalists will be selected. ”

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