Singapore FinTech Association (SFA) and FinTech Australia (FA) have signed a memorandum of understanding (MoU) to further strengthen opportunities for fintech firms across both countries. The MoU was signed at Money20/20 Asia in Singapore.

The MoU between both parties aims to contribute to the development of the fintech industry in general across ASEAN and Australia. They will collaborate from time to time on particular initiatives relating to the fintech industry. They could seek input and opinions from each other, in respect of matters relating to the fintech industry and invite each other to participate in relevant events and support each other in interfacing regulators and other bodies.