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Dancing With The Phoenix

In: The FinTech Nation Excellence Unlocked in Singapore

Author

Listed:
  • VARUN MITTAL
  • LILLIAN KOH

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…

Suggested Citation

  • Varun Mittal & Lillian Koh, 2023. "Dancing With The Phoenix," World Scientific Book Chapters, in: The FinTech Nation Excellence Unlocked in Singapore, chapter 4, pages 63-90, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811249167_0004
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    More about this item

    Keywords

    FinTech; FinTech Trend; Global FinTech Development;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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