Singapore is likely to be the top choice for fintech companies to start their businesses thanks to regulations, government support and funding access, said Astrid Raetze, a partner in Baker & McKenzie’s Sydney office who is leading the firm’s fintech group. A second option would be Australia and Hong Kong would be third, she said.
“Singapore is putting their money where the mouth is,” by making regulatory changes, setting up fintech bridges and encouraging talent to live there. “Other regulators in the region are not responding in the same fashion.”
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