Daily Times

KARACHI: Pakistan’s IT companies and fintech operators are looking to grab business opportunities in the fintech sector worldwide, expanding their footprint in different countries, attracting investment, and winning projects against their innovative services and products, which is depicting the participation of over ten companies in the most significant global event—Singapore Fintech Festival.
Over 10 tech companies are participating in the Singapore Fintech Festival, which will be held from November 6 to 8. Pakistan’s High Commissioner to Singapore, Rabia Shafiq, inaugurated the pavilion of Hexalyze Consulting Services at the festival.

Saad Shah, CEO Hexalyze Consulting Services and one of the Pakistani IT companies attending the festival, said the presence of Pakistani companies increased this year at the Singapore Fintech Festival as compared to last year, which is an encouraging development for Pakistan IT and fintech landscapes.
The participating companies are expected to grab good business opportunities and lead generation by exhibiting the technological solutions deployed locally in financial businesses to different foreign companies, he added.

Saad further said that Pakistani IT and fintech companies are not capable of generating export revenue from the IT sector but from the diverse and huge financial sector through their products and services.
Singapore FinTech Festival (SFF) is known as the world’s largest FinTech festival and a global FinTech community knowledge platform. This year, over 600 FinTech operators and IT companies and over 66,000 participants from over 150 countries are attending the event.

The event features 400 sessions with over 800 speakers, including CEOs of leading financial institutions, fintech innovators, and government representatives worldwide. The event fosters billions of dollars in investment discussions and partnerships across the fintech ecosystem, including venture capital funding and cross-border collaborations.

Ibrahim Amin, a financial advisor and Chairman Dellsons Group said that the Pakistani fintech operators and IT companies providing financial solutions should enhance their participation in regional and global events to sell their services and catch the trends in the worldwide fintech landscape.
Fintech events are also a hub of knowledge and a platform for partnership for Pakistani companies, he said and added. Besides, our fintech operators could also impress investors and venture capitalists from different countries to invest in Pakistani companies.

He further suggested that relevant authorities should also support tech companies and fintech operators through subsidies and guidance and establish a country pavilion at a strategic location that could attract many delegates to the festival and allow the whole country to reap the benefits collectively.
Pakistan’s presence at global exhibitions and festivals has gradually increased in the last two years. Recently, Pakistan had a stellar presence at GITEX with nearly 80 companies. Our country also debuted with more than ten companies in Singapore Tech Week.