FinTech LIVE Singapore: Insights from Fiserv

By Sophie Rice

January 29, 2025

undefined mins

FinTech LIVE Singapore will take place on 25 February 2025

We caught up with Amit Parekh, VP, Head of Payments & Fintech for ASEAN at Fiserv, before FinTech LIVE Singapore

FinTech LIVE Singapore will take place on 25 February.

This virtual event will delve into the latest emerging fintech trends, such as embedded finance, AI in finance, digital banking advancements and blockchain innovations, showcasing how we can leverage these to gain a competitive advantage.

Attendees will also have the opportunity to gain a wealth of knowledge from some of our industry’s leading organisations, such as Mastercard, Fiserv, Swift and TransUnion.

Join us next month and discover how Singapore has become a global fintech hub due to its regulatory frameworks, strong government support and access to Southeast Asian markets.

To get your free virtual ticket, click here.

Amit Parekh, VP, Head of Payments & Fintech for ASEAN at Fiserv

Amit Parekh is the VP, Head of Payments & Fintech for ASEAN at Fiserv. He supports financial institutions across the region and manages the business growth strategy of the organisation.

Amit has more than 22 years of experience in credit risk, fraud management and payments, working alongside leading bureaus, fintechs, banks and payment processors across APAC, ANZ and US.

Before joining Fiserv, Amit spent over 14 years with FICO leading several portfolios, such as credit scoring and payment processing.

Amit is a regular speaker on many topics, like payments, financial inclusion, alternate data and credit scoring.

He also has a Masters of Science in Operations Research from the State University of New York, Buffalo.

At FinTech LIVE Singapore, Amit will feature on our AI in FinTech panel alongside Badriprasad Srinivasan, Vice President of Solutions Architect at Marsh McLennan, Stephen Peters, Head of Enterprise Payment Solutions at FIS and Kaushik GD, Head of Financial Services, APJ, at Snowflake.

This panel discussion will explore how AI is redefining the fintech industry by improving risk assessment, fraud detection and customer experience.

Not only does it improve both security and user engagement but it also enables hyper-personalised financial services and real-time decision-making to drive innovation and competitiveness.

We recently caught up with Amit to discover what inspired him to get involved with our event, his aims for his panel, as well as his predictions for the future of the fintech landscape.

Women in FinTech Forum at Fintech LIVE Singapore 2024

What inspired you to get involved in FinTech LIVE Singapore?

As someone who has been deeply involved in the payments and fintech solutions space in ASEAN for over two decades, I’ve witnessed how much this industry has evolved.

I believe that this progress wouldn’t have been possible without the collaboration of industry players coming together on invaluable platforms — like FinTech LIVE — to share insights and have meaningful discussions about what’s next for payments and fintech in ASEAN.

Provide an overview of what the AI in FinTech panel will cover.

My session will essentially explore how AI is shaping the financial services landscape.

Alongside the other speakers, I’m looking forward to sharing insights on how financial institutions can effectively implement AI to enhance their services.

We also hope to have an in-depth discussion on strategies to leverage AI responsibly — ensuring that institutions uphold robust security standards while adhering to a strong ethical framework.

What do you hope to achieve through the event?

I hope that the audience can have a better understanding of strategies that can help them implement AI in fraud detection and risk management, while addressing critical concerns around data security and ethical considerations.

I’m also equally excited to learn from my industry peers and gain a different perspective on the many interesting topics that we’ll explore at FinTech LIVE.

What emerging trends do you believe will shape the future of the fintech industry over the next decade?

In ASEAN, we’re seeing great momentum in digital payment adoption, driven by the increasing accessibility of e-wallets and mainstream digital financial products.

This transformation is particularly benefitting SMEs, which form the backbone of the ASEAN economy. As barriers to digitalisation continue to lower, allowing for more affordable and user-friendly solutions — traditionally underserved merchants are gaining access to digital financial services that were once out of reach.

I also foresee AI being one of the primary drivers of innovation in financial services. As these technologies evolve, we’ll see greater adoption of both global and localised AI models tailored to regional needs.

However, we’re also entering an era where fraud has scaled to industrial levels. AI-generated content is becoming more human-like, giving fraudsters the ability to create believable, fake identities and execute coordinated attacks.

To stay ahead, FIs need to face AI threats with AI solutions. Not only do we need to detect threats in real-time but we also anticipate and adapt to emerging risks.

Digital Payments Forum at FinTech LIVE Singapore 2024