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Report: London, Singapore excel as fintech hubs

Both have five factors in their favour, but London is a more mature fintech market, says ISCA-ICAEW report

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The report said that in the UK, the focus of the Financial Conduct Authority is on enabling fintech firms to disrupt the incumbents; in Singapore (above), a more collaborative approach is emphasised.

Singapore

SINGAPORE and London make for successful fintech hubs because of a confluence of five key factors - markets, talent, capital, regulation and government support.

But the cities differ in the maturity and focus of their fintech scenes, which has led to different challenges...

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