Marvelstone Group, a private investments firm, has announced the launch of the world’s largest FinTech hub, named LAATICE80, a 30,000 square foot facility in Singapore.
The independent not-for-profit initiative has been working closely with the Monetary Authority of Singapore (MAS) and seeks to collaborate with other FinTech hubs such as London’s Level 39 and Australia’s Stone & Chalk.
The hub, which is set to open in November, aims to help startups prototype, develop and expand their business models overseas; support existing companies and financial institutions in their adoption of new innovations; and form public-private partnerships to further develop new technology and financial infrastructure.
Located in the Central Business District, LATTICE80 will be close to the key financial institutions, stock exchange and the regulators.
Gina Heng, group CEO of Marvelstone, said: “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.”
The establishment of LATTICE80 is in line with the Singapore Government’s ‘Smart Nation’ vision, which is aimed at increasing access to data, innovation ideas and solutions, and utilising technology to better serve the needs of Singapore.
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