The opening of new innovation labs by ANZ and DBS in Singapore signal the start of a week-long Fintech Festival organised by the island state’s central bank in partnership with the Association of Banks in Singapore. Close to 11,000 participants from more than 50 countries have registered for the inaugural Festival, which kicks off with an island-wide Innovation Lab Crawl, where more than 20 spaces will open their doors to visitors. This will be complemented by a ‘Hackcelerator Demo Day’ to showcase products developed by 20 teams selected from amongst more than 650 global submissions, to solve specific problem statements solicited from the financial industry. Read more: finextra.com
