This year’s Singapore Fintech Festival surrounds six major themes that will frame 2025.
One of the themes among industry leaders, in particular, is the need to bridge the financial gap and ensure equitable access and usage of financial services and products to the underserved.
On this note, did you know that 1.4 billion people globally still lack access to bank accounts? Yes, and that is according to an article published on the World Economic Forum in just September this year.
So what can we then do to level the playing field for the underbanked and underserved – both individuals and budding entrepreneurs who are starting out?
Well, the numbers appear to point to fintech as the answer, given increased internet adoption and digitalisation.
In this panel discussion on "Bridging the Financial Gap", we talked about the challenges individuals as well as Micro, Small and Medium-sized Enterprises faced in accessing traditional financial services and how the use of digital banking and digital tokens can level the playing field for the underserved.
We also looked at the metrics used to determine progress towards equitable financial outcomes and identify areas for further intervention, and the need to ensure that digital technologies continue to narrow and not widen the wealth gap.
As part of MONEY FM’s on the ground coverage of Singapore Fintech Festival 2024, Money Matters’ Finance Presenter Chua Tian Tian spoke with Kai Qiu, Deputy CEO and CTO, ANEXT Bank and Eric Barbier, CEO, Triple-A for more.

Under the Radar: (SPECIALS) How far has Micro-Mechanics’ move to decentralise production help it navigate global trade tensions, and what are the opportunities in the global semiconductor industry? Its CEO spills the beans.
25:20

Under the Radar: (SPECIALS) What should we know about Orient Express’ grand comeback? CEO of Orient Express and Group Strategy Officer of its parent Accor tells us more.
35:10

Under the Radar: What is next for semiconductor optics firm MetaOptics post-SGX listing and how does it assess the effectiveness of listing on the local bourse? Its CEO explains.
45:41