On Tuesday, private investment company Marvelstone Group announced it developed a new fintech hub, called LATTICE80, and will be launching it in Singapore.The company stated that LATTICE80 will be located in the Central Business District (CBD), an area that is notably close to the key financial institutions, stock exchange, and the regulators.
Joe Seunghyun Cho, Chairman of Marvelstone Group, stated:
“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.”
Marvelstone Group CEO, Gina Heng, commented:
“Plus, the time is right for innovation, and people are more receptive to the use of technology in financial services. 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 MAS, who has made great strides in shaping the local fintech ecosystem.”
Heng then added:
“We also seek to bring partners onboard and collaborate with other Fintech hubs like London’s Level 39, Australia’s Stone & Chalk, and Israel’s The Floor.”
