Private investment firm Marvelstone Group is set to launch a 30,000 square foot financial technology centre in the central business district of Singapore.
The new city-state hub will go by the name of LATTICE80 and will be strategically located close to the key financial institutions, stock exchange and the country’s regulator.
LATTICE80 aims to support the fintech ecosystem in Asia and bridge global players to the region. The firm says it has been working closely with the Monetary Authority of Singapore (MAS) to establish the new centre.
Location, Location, Location
The move to establish LATTICE80 is in line with the Singapore Government's overarching Smart Nation Vision, which is aimed at empowering people and businesses through increased access to data, innovative ideas and solutions, and utilising technology to better serve citizens' needs.
«We think Singapore is the right place for a global Fintech Hub for a number of reasons. Singapore, being a traditional financial and trading hub, has the legal infrastructure and access to global investors that budding fintech companies would look for,» said Joe Seunghyun Cho, Chairman of Marvelstone Group.
»Singapore can be the best test bed for smart city solutions. Financial technology is one of the most important components of a Smart Nation, and can serve to power further innovation,» added Cho.
