Public showcase of Deloitte’s capabilities at the Singapore FinTech Festival 2018
As a proud Grand Sponsor of this pre-eminent event, Deloitte was able to highlight the breadth and depth of our FinTech capabilities with two public showcases of our projects, AFIN and Project Ubin DvP.
ASEAN Financial Innovation Network (AFIN)
Deloitte Southeast Asia was appointed by AFIN to provide consultancy advisory services towards the API Exchange (APIX) platform, which was unveiled at the Singapore FinTech Festival 2018.
With this appointment, Deloitte joins Virtusa, Fidot and Percipient as part of a global consortium to drive innovation through the APIX platform where financial services institutions and FinTech firms can collaborate to help support financial inclusion in less developed markets within ASEAN.
Deloitte will take on a project management role, and advise in areas of the operating model design of the APIX platform, cyber security, and onboarding of new AFIN members onto the platform.
For more information about AFIN and its role in supporting financial inclusion for the unbanked, please click here.
Project Ubin DvP
At the Singapore FinTech Festival 2018, a public showcase was held for the Delivery vs Payments (DvP) blockchain project led by MAS and Singapore Exchange. Deloitte, together with Anquan and Nasdaq, were technology partners for this project.
The collaboration on the development of DvP capabilities for settlement of tokenised assets across different blockchain platforms will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational efficiency and reducing settlement risks.
Following the conclusion of the project, MAS and SGX have jointly published an industry report, which provides a comprehensive view of automating DvP settlement processes with Smart Contracts.
For more information about Project Ubin, please click here.