Fintech Association of Sri Lanka
 | |
| Founded | 2018 |
|---|---|
| Type | Non-Governmental Organisation |
| Focus | Fintech |
| Location | |
Area served | Sri Lanka and wider Asia (by collaborations) |
Key people | Rajkumar Kanagasingam, President Suranga Mendis, Vice President Rifas Raseek, General Secretary |
| Website | www.srilankafintech.org |
FinTech Association of Sri Lanka (FASL) is an independent, not-for-profit cross-industry organisation representing Sri Lankan and the global FinTech community to support the development, innovation and investment in the FinTech sector.[1][2][3][4][5]
FASL is closely collaborating with the Central Bank of Sri Lanka (CBSL) on fintech-related issues; and a number of fintech events related to FASL were represented by CBSL.[6][7][8][9]
History
[edit]Establishing ‘Fintech Association of Sri Lanka’ was initiated at the ‘Fintech Meetup’ of the ‘Asia-Pacific Executives Forum’ which was held at Hilton Colombo in 2018; where the Central Bank of Sri Lanka Assistant Governor also participated and delivered a speech on regulatory role of Central Bank on Fintech.[10][11]
Governance
[edit]FASL is governed by an executive committee that consists of a president, vice president, general secretary and other committee members. The executive committee is advised by an advisory board consisting of industry experts.[12]
Collaborations
[edit]- FASL is an MoU-signed partner of the Fintech Associations in Singapore, Hong Kong, Japan, Philippines, Indonesia, etc.[13][14][15] and ASEAN Financial Innovation Network.[13][16]
- FASL was a community partner, supporter institution or regional co-organiser for various fintech summits in the region including Shanghai, Singapore, Hong Kong, Vietnam, Mumbai, Dubai, Colombo including Singapore FinTech Festival, Hong Kong FinTech Week and Asia Smart App Awards.[13][14][17][18][19]
- FASL is an ecosystem partner of Dubai International Financial Centre (DIFC) Innovation Hub and Elevandi, an independent organisation created by the Monetary Authority of Singapore (MAS).[20]
- FASL partnered a fintech seminar, hosted by The University of Hong Kong.[14][21][22][23]
- FASL organised regular Fintech workshops (based on HKU FinTech of The University of Hong Kong) at Hilton Colombo.[14][24][25][26]
- FASL organised ‘Lithuanian fintech meetup’ in Colombo in collaboration with the Lithuanian Embassy in New Delhi and HatchX, a fintech accelerator in Sri Lanka.[27]
- FASL has launched an initiative to draft a report titled, ‘Enhancing Colombo International Financial City (Port City Colombo) as a Leading Fintech Hub in South Asia’ to submit to the President of Sri Lanka; the initiative is being assisted by a number of fintech experts globally and Professor Douglas Arner, Kerry Holdings Professor in Law at the University of Hong Kong (HKU) as the chief consultant.[28] An interim report was released in July, 2024 where it's highlighted the initiative would support establishing a 'Fintech Innovation Hub' in the Colombo International Financial Centre (CIFC) and it could become a strategic hub in the South Asian region by attracting diverse multimillion-dollar investments; and the hub could function facilitating innovation, partnerships and global expansion for South Asian fintech startups in collaboration with Dubai International Financial Centre (DIFC) Innovation Hub and Singapore fintech ecosystem.[20]
- FASL organised a lecture on ‘Introduction to Artificial Intelligence’ at Little Flower Convent, Karampon, Jaffna with the resource support from HKU FINTECH (of the University of Hong Kong) and ELEVANDI, an independent organisation created by the Monetary Authority of Singapore (MAS). FASL’s lecture was in view of the Ministry of Education (Sri Lanka) in March, 2024 announcing integrating AI and Machine Learning (ML) into Sri Lanka’s National School Curriculum; the initiative was planned to be rolled out to twenty schools initially representing at least one school from each of the nine provinces to serve as a benchmark for scalability across the country.[29]
See also
[edit]- Central Bank of Sri Lanka (CBSL)
References
[edit]- ^ "Lanka to host 'Asia Fintech Night' in Dec". Daily News (Sri Lanka). 7 July 2020. Retrieved 22 February 2023.
- ^ "Sri Lanka:CBSL to Introduce Fintech Regulatory Framework". Regulation Asia. 6 October 2020. Retrieved 22 February 2023.
- ^ "【Global Partnership】Fintech Association of Japan concluded a Memorandum of Understanding (MOU) with FinTech Association of Sri Lanka". Fintech Association of Japan. 7 October 2019. Retrieved 22 February 2023.
- ^ "University of Hong Kong and Standard Chartered Bank launch HKU-SCF FinTech Academy". Daily FT. 26 May 2020. Retrieved 22 February 2023.
- ^ "FinTech Association of Sri Lanka". Centre for Finance, Technology and Entrepreneurship. Retrieved 22 February 2023.
- ^ "Fintech Association of Sri Lanka holds awareness workshop". Daily FT. 24 January 2019. Retrieved 24 February 2023.
- ^ "Promoting fintech". Daily FT. 7 May 2019. Retrieved 24 February 2023.
- ^ "FASL and SFA sign MOU in Singapore". Daily FT. 26 April 2019. Retrieved 24 February 2023.
- ^ "'Chain Plus: Asia-Pacific Blockchain New Finance Summit' held in Singapore". Daily FT. 24 April 2019. Retrieved 24 February 2023.
- ^ "Fintech Meetup of Asia-Pacific Executives Forum held at Hilton Colombo". Daily FT. 10 August 2018. Retrieved 24 February 2023.
- ^ "Fintech Meetup of the Asia-Pacific Executives Forum held". Daily News (Sri Lanka). 31 July 2018. Retrieved 24 February 2023.
- ^ "FASL". Fintech Association of Sri Lanka. Retrieved 22 February 2023.
- ^ a b c "Channa De Silva appointed adviser to FASL". Daily FT. 8 July 2021. Retrieved 22 February 2023.
- ^ a b c d "Jeevan Gnanam appointed adviser to FASL". Daily FT. 30 January 2020. Retrieved 22 February 2023.
- ^ "FASL and FTAHK signs MOU in Hong Kong". Daily FT. 25 June 2019. Retrieved 22 February 2023.
- ^ "FASL and AFTECH sign MoU in Colombo to promote fintech". Daily FT. 25 March 2020. Retrieved 13 April 2024.
- ^ "FinX Awards 2019 a success". Daily FT. 9 October 2019. Retrieved 24 February 2023.
- ^ "Hong Kong Fintech Week to begin on November 4". Daily Mirror (Sri Lanka). 17 October 2019. Retrieved 24 February 2023.
- ^ "Dr. Mohamed Irshad appointed as coordinator of FASL and FinTech courses". Daily FT. 1 July 2019. Retrieved 22 February 2023.
- ^ a b "Interim report on Colombo Intl. Financial City as top Fintech hub". Daily FT. 2 July 2024. Retrieved 4 July 2024.
- ^ "HKU host seminar on STO and RET". Daily News (Sri Lanka). 27 June 2019. Retrieved 22 February 2023.
- ^ "Hong Kong seminar focuses on STO landscapes in HK, Singapore and Sri Lanka". The Daily Mirror (Sri Lanka) via PressReader. 8 July 2019. Retrieved 22 February 2023.
- ^ "Real Estate Tokenization - Challenges and Opportunities in Hong Kong". University of Hong Kong. 21 June 2019. Retrieved 22 February 2023.
- ^ "FASL conducts 'Professional Certificate in Fintech and Blockchain'". The Daily Mirror (Sri Lanka) via PressReader. 4 November 2019. Retrieved 22 February 2023.
- ^ "FASL conducts 'Professional Certificate in Fintech and Blockchain'". Daily FT. 5 November 2019. Retrieved 22 February 2023.
- ^ "FASL completes fourth batch of 'Introduction to Fintech'". Daily FT. 29 July 2019. Retrieved 22 February 2023.
- ^ "Lithuanian fintech meetup in Colombo". Daily FT. 21 December 2021. Retrieved 22 February 2023.
- ^ "Colombo Int'l Financial City as top fintech hub - FASL". Daily News (Sri Lanka). 9 October 2023. Retrieved 24 October 2023.
- ^ "Students of Karampon Little Flower Convent, Jaffna get introduction to AI". Daily FT. 23 July 2024. Retrieved 30 July 2024.