Top 10 Global Fintech Hubs | Singapore

By Evelyn Howat
In July’s edition of FinTech Magazine, we broke down our Top 10 Global Fintech Hubs. In at number 4 is Singapore...

Singapore has become a world leader in fintech of late, with the rise of smart and innovative financial services technologies playing a crucial role in the city state’s growth ambitions. According to Findexable, insurtech, lending and payments are driving fintech growth, while 2019 saw 94 deals valued at $735mn. 

Singapore hosts several industry associations, each of which is aiding the rapid growth of the sector, as well as a number of accelerators and incubators. The latter includes ING Labs, HSBC Singapore Innovation Lab, Bank of China Innovation Lab Singapore and Start Path Global, Mastercard.

 

Singapore hosts a number of renowned fintech events too, including the Singapore FinTech Festival. In 2019, it had 60,000 attendees, 569 speakers and was attended by 100% of the top 50 banks in the world.

“The Singapore FinTech Festival celebrates the power of belief and showcases the wide range of opportunities in the FinTech world.” - H.E. Narendra Modi, Prime Minister of India

Did you know?

Singapore’s national anthem can be found on the back of their $1000 note in tiny writing.

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