Cross-Border Payments to AI Solutions: Big Reveals on SFF Day 2

By Gloria Methri

The Singapore FinTech Festival (SFF), a global beacon for financial innovation since 2016, continues to connect policymakers, industry leaders, and tech pioneers under one roof to explore the future of finance. With a focus on sustainability, cutting-edge solutions, and emerging technologies, SFF is a fertile ground for partnerships that drive forward the FinTech industry.

On Day 2 of SFF 2024, the festival saw a lineup of exciting announcements, from global hackathons to transformative AI and payment solutions. Here are five exciting announcements and partnerships unveiled on Day 2 of the event.

• Digit9’s Borderless Innovation Hackathon with Apix

Digit9, the Payments Orchestration Platform developed by LuLu Money Singapore, has partnered with Apix to launch the Borderless Innovation Hackathon. This exciting competition will bring together startups, professionals, and students to create groundbreaking solutions for seamless cross-border transactions.

• Gprnt’s Sustainability Disclosure Tools

Gprnt, a digital platform for Environmental, Social, and Governance (ESG) reporting and data launched by the Monetary Authority of Singapore (MAS), has released its inaugural Disclosure and Marketplace offerings. These tools will simplify sustainability reporting for businesses and connect them to an ecosystem of solutions to support their decarbonisation needs. The launch of these tools reaffirms Gprnt’s mission to deliver digital utilities that support the baseline sustainability reporting and data needs of businesses in Singapore.

• Lintasarta and 6Estates’ AI Partnership

Lintasarta, as an AI Factory from Indosat Ooredoo Hutchison (Indosat or IOH) Group in Indonesia, announced its strategic partnership with 6Estates, a Singapore-based provider of Artificial Intelligence solutions specializing in domain-specific Learning Language Models (LLM) and enterprise AI applications. This collaboration will support the adoption of AI and drive AI transformation and innovation in Indonesia.

• Mastercard’s Pay Local Service

Mastercard is introducing Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travellers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants without needing to set up or top up a prepaid account.

• Pundi AI’s Decentralized Data Annotation Platform

The launch of the test net of the Pundi AI Data, an innovative and new decentralised data annotation platform designed to transform the way AI data is collected, curated, and utilised. By integrating blockchain technology, the platform democratises global data contribution while ensuring fair compensation for participants. This move is set to empower AI innovation, offering AI developers and businesses access to diverse, high-quality datasets.