DANCING WITH THE PHOENIX

Varun Mittal and Lillian Koh

Chapter 4 in The FinTech Nation:Excellence Unlocked in Singapore, 2023, pp 63-90 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Although Singapore can join the ranks of cities like Hong Kong, Shanghai, Tokyo, and London to become an established financial hub in the ASEAN region, the “hub” concept is common to Singapore. There are established hubs for almost all industries, which complement the work of industry regulators. In the case of the FinTech space, this hub is powered by the incumbents and a few bottom-up initiatives to facilitate dialogue between the FinTech startups, venture capitalists and regulators. So what differentiates the Singapore idea of the “hub”? After all, many countries use this concept to explain the synergy and convenience that arise from bringing all things relevant “under one roof ”. Perhaps the key difference lies in how the nation has used the “hub” as a launchpad for its FinTech aspirations…

Keywords: FinTech; FinTech Trend; Global FinTech Development (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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