Hong Kong and Singapore sign fintech deal, agree to work together on blockchain

Two Asian powerhouses sign fintech deal, agree to collaborate on blockchain

  • Hong Kong and Singapore have agreed to cooperate on a cross-border trade project based on blockchain technology as part of a broader joint strategy on financial technology.
  • The two Asian powerhouses’ central banks signed a fintech deal Wednesday to collaborate on a number of projects including business innovation, data sharing and exchange of expertise.
  • “Hong Kong and Singapore are the two leading international financial centers in the region and are actively deploying fintech,” Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), said in an announcement Wednesday.
  • “Collaboration between the HKMA and MAS (Monetary Authority of Singapore) will create significant synergy for the development of fintech and more efficient fund flows between the two markets.”
  • The announcement was made at a fintech conference in Hong Kong.

Hong Kong and Singapore’s central banks signed a fintech deal Wednesday to collaborate on a number of projects.
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BBC World Service

  • In today’s programme Ed Butler visits the Innovate Finance Conference in the heart of the City in Central London, where we’re marking the coming of age of a new industry.
  • Lawrence Wintermeyer, CEO of Innovate Finance, the group that runs the annual conference, says there’s a new confidence in the sector.
  • So what about the fintech companies themselves?
  • Peter Randall, CEO of start-up Setl, is hoping to cash in.
  • Cities are competing for these new start-ups’ attention and although London remains perhaps the world’s leading fintech hub, a close rival is Singapore; we hear from Sopnendu Mohanty, a fintech regulator with the City of Singapore and Maria Gotsch, President and CEO at the Partnership Fund for New York City.

We examine the growth of a new industry
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LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore

  • LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore
  • LATTICE80 has been working closely with the Monetary Authority of Singapore (MAS) **
  • SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November.
  • ** A not-for-profit initiative led by Marvelstone Group
  • Financial technology is one of the most important components of a Smart Nation, and can serve to power further innovation.

SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November. LATTICE80 is located in the Central Business District (CBD), close to the key financial institutions, stock exchange and the regulators – the same institutions
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