Singapore, HK tipped to carve out a fintech niche
Singapore and Hong Kong have the ability to make successful inroads into the financial technology market, backers of the cities say. It follows recent criticism of the cities' regulatory regimes and fintech prospects.
Singapore and Hong Kong still have the ability to play a role in the burgeoning financial technology (fintech) industry despite a tough regulatory environment, according to industry players.
The two cities’ fintech future has been cast into doubt recently, with regional neighbours offering looser laws and rules, but now others have leapt to their defence.
Luke Grubb, a Singapore-based corporate lawyer at law firm Latham & Watkins, said that the city-state was trying to creat…
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