Tencent partners with AIDF to support Asia fintech industry

The two parties will collaborate to build fintech leadership pipeline in the region

Tencent announced at the Singapore Fintech Festival 2021 that it will be partnering with the Asian Institute of Digital Finance (AIDF), an institute within the National University of Singapore (NUS) that is jointly founded by The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and NUS.

Under the partnership, Tencent Financial Technology (FiT) and AIDF will collaborate in the areas of research, education, and entrepreneurship to better support Asia’s fast-growing digital finance industry.

The two parties will collaborate to bring thought leadership to the fintech community and build fintech leadership pipeline in the region.

The fintech landscape is gaining tremendous momentum in the region due to digital acceleration in recent years. Through our partnership with AIDF, we want to support Asia’s smart city initiatives by nurturing the next generation of talents with global perspectives, as well as to drive financial innovations and leadership in the fintech industry, says Forest Lin, Corporate Vice President of Tencent and President of Tencent Financial Technology.

We are committed to partnering with local regulators, research institutions and companies to seek innovative solutions to problems and to help businesses stay competitive within and beyond their markets, Lin said.

The joint initiatives with Tencent are meant to nurture the next generation of fintech leaders and contributors in the region with both technical knowledge and industry expertise. The collaboration will also help advance cutting-edge digital financial technologies, pushing Asia’s Fintech frontier forward, says Duan Jin-Chuan, Executive Director, Asian Institute of Digital Finance, National University of Singapore.

In recent years, Asia has grown into one of the innovation hotspots of the fintech revolution. According to data from the latest EY Global FinTech Adoption Index survey, Asia has retained its global leadership in fintech adoption, with Singapore attaining a 67% adoption rate.