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Marvelstone to set up world’s largest Fintech hub in Singapore

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Singapore-based private investment group Marvelstone Group will launch Lattice80 in early Nov. Located on over 30,000 sq ft of space in Singapore’s Central Business District, it will be the world’s largest Fintech Hub.

Marvelstone said in a statement that Lattice80 is an independent not-for-profit initiative aimed at helping fintech startups to prototype, develop and expand their business models overseas; supporting existing companies and financial institutions to adopt innovations; and, forming public-private partnerships to further develop new tech and financial infrastructure.

Marvelstone chairman Joe Seunghyun Cho said, “Singapore is the right place for a global fintech hub. It is a traditional financial and trading hub, has the legal infrastructure and access to global investors that budding fintech companies would look for.”

The time is also right for innovation and people are more receptive to using technology in financial services, said Marvelstone CEO, Gina Heng. “Singapore, as a regional hub, can also connect us to fintech globally.

“Lattice80 aims to support the fintech ecosystem in Asia and bridge global players to the region. We have been working closely with the Monetary Authority of Singapore, which made great strides in shaping the local fintech ecosystem. We also seek to bring partners onboard and collaborate with other fintech hubs such as London’s Level 39, Australia’s Stone & Chalk, and Israel’s The Floor,” Heng said.

Marvelstone said Lattice80’s establishment is in line with the Singapore government’s Smart Nation Vision aimed at empowering people and businesses through increased access to data, innovative ideas and solutions, and utilising technology to better serve citizens’ needs.

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