Asian investment house MarvelStone group is laying claim to the creation of the world's largest fintech hub, Lattice80, which will open in Singapore's Central Business District in November.
The 30,000 square foot facility will have a global reach, providing work spaces, events and educational programmes for fintech startups as well as innovation support schemes for existing companies and financial institutions.
Joe Seunghyun Cho, chairman of Marvelstone Group comments: "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."
He says the firm has been working closely with the Monetary Authority of Singapore in developing the project which will seek to collaborate with other regional hubs like London's Level 39, Australia's Stone & Chalk, and Israel's The Floor to create a global eco-system for fintech innovation.