Queen Máxima Singapore Fin Tech
NETHERLANDS

QUEEN MÁXIMA SINGAPORE FINTECH FESTIVAL

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.

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 was “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.”

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.”



For this engagement The Queen opted for an orange pantsuit, Gianvito Rossi (tan or bisque) point-toe pumps, wood statement necklace and matching earrings.

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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