Singapore FinTech Association (SFA) and Nexia TS announced today the launch of Nexia InnoLab, a platform to enable FinTech companies to engage businesses from various sectors on technological solutions. A Memorandum of Understanding (MOU) was signed in the presence of Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Education, who also officiated the opening of Nexia InnoLab.
Under the MOU, SFA members shall have access to business consultancy and advisory services, and accounting and business-related events, all through the Nexia InnoLab collaboration platform. The MOU was drawn up to strengthen FinTech company’s financial capabilities in the face of the challenging period amid the pandemic.
Mr Chia Hock Lai, President of SFA said, “SFA is excited to partner with Nexia TS to provide free business advisory clinic to FinTech firms. In addition, SFA members can look forward to co-creating technological solutions with businesses from various sectors through the Nexia InnoLab collaboration platform. The partnership is timely to strengthen the financial capabilities of our members amidst the challenges posed by the COVID-19 pandemic.”
Nexia business clinics for SFA members covers a wide spectrum of key business areas including taxation, valuation, cashflow planning, information memorandum, preparation and exit of initial public offering, Singapore Personal Data Protection Act, General Data Protection Regulation, as well as governance and internal controls.
Mr. Henry Tan Group CEO and Chief Innovation Officer, Nexia TS said, “As an established international accounting firm with over 27 years of experience, we have come across clients particularly SMEs facing various technological difficulties. As more new-age FinTech players emerge in the post-COVID-19 market, we see an immediate need to connect these stakeholders in a holistic digital ecosystem to deliver high-impact financial solutions to better the city-state’s economy.”
Source : Asia PR Werkz