In her rol as the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), Queen Maxima of the Netherlands is currently attending the Singapore FinTech Festival.
The FinTech is taking place from November 11 to 15 at the Singapore EXPO Convention and Exhibition Centre.
At 8.45am, Her Majesty Queen Máxima of the Netherlands, @UNSGSA, will deliver our Opening Keynote at #SGFinTechFest x #SWITCHSingapore. Registration opens at 8am, so be seated by 8.30am! Also, grab a bite at our F&B zone which opens at 8am! See you shortly! pic.twitter.com/KrT76Qd2S5— SG FinTech Festival (@sgfintechfest) 12 de noviembre de 2019
Singapore FinTech Festival focuses on developing a technology (fintech) that will improve access to financial services.
Queen Máxima delivered at opening speech at the FinTech on November 13, 2019. The topic is “Inclusive Fintech – our best opportunity to improve financial lives”.
Queen Máxima said:
“Your Excellencies, Ladies and Gentlemen,
It is wonderful to be back in Singapore for this ever-growing fintech festival.
Over the last decade as the UN’s Special Advocate, I have witnessed the rapid improvement in financial inclusion. Today, almost 70% of all adults have a financial account-an increase of 1.2 billion adults in the last eight years.”
Opening Keynote on Day 3: Her Majesty Queen Máxima of the Netherlands, @UNSGSA, highlighting how #FinTech has transformed the lives of otherwise #unbanked individuals @ #SGFinTechFest, #PlenaryStage pic.twitter.com/PBzFyG0080— SG FinTech Festival (@sgfintechfest) 13 de noviembre de 2019
Her Majesty added:
“Financial inclusion matters because of its power to improve people’s lives. It is not an end in itself. Rather-a means to create jobs, take part in an increasingly digital economy, hedge risk, improve development outcomes, empower women, and enhance the financial health of customers.”
During my last UN visit to Dhaka this July, I met Izu Hassan. In 2016, Izu started to produce her grandmother’s hair oil recipe to sell to neighbors and friends. It was an immediate hit.”
“However, to commercialize her homebased micro-business, she needed support. With the help of a local fintech, ShopUp, not only was she able to quickly access credit, based on her digital footprint, but ShopUp also supported Izu with back office and online administration.
Today, Izu has a booming business employing people, and she has bought a house for her parents. I’m convinced that inclusive technology-led innovations, like ShopUp, present our best opportunity to tackle financial exclusion.”
#UNSGSA Queen Máxima @sgfintechfest: If we want #fintech to thrive, there are necessary policies and pieces of infrastructure that need to be there. https://t.co/yfreK93dQ7 #SFFxSWITCH #FinancialInclusion pic.twitter.com/qnJO8wM5zv— UNSGSA (@UNSGSA) 14 de noviembre de 2019
For this engagement The Queen opted for an orange pantsuit, Gianvito Rossi (tan or bisque) point-toe pumps, wood statement necklace and matching earrings.
Koningin Máxima @UNSGSA houdt toespraak bij @sgfintechfest over het belang van technologische innovaties in financiële diensten zodat meer mensen deze kunnen gebruiken, zich kunnen ontwikkelen en hun levens kunnen verbeteren #inclusievefinanciering. https://t.co/VHYLwdV3lv pic.twitter.com/rErgVJ7yKz— Koninklijk Huis (@koninklijkhuis) 13 de noviembre de 2019
About Financial Technology (Fintech):
“Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.”FinTech
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- QUEEN MAXIMA IN RED SUIT FOR SME FINANCE FORUM 2019.