With Hong Kong and Singapore leading the charge in fintech innovation in the region, governments and corporations in other markets can take a leaf out of their playbook
As two countries with high stature in the global financial sector, Singapore and Hong Kong are equally renowned for pushing the envelope of financial technology (though not in equal measure). New business models and products leveraging on emerging tech have come into focus. In Singapore, for example, the ecosystem has produced startups such as Fundnel, a collaborative investment platform; and CoinPip, a blockchain remittance platform. Banks, corporations and the governments in both markets have been proactively supporting fintech startups — both early stage and mature — develop and fine tune their products, in order to validate their business models for market readiness.