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Fintech hubs — burgs where startups, talent, and funding congregate — are proliferating globally in tandem with perpetual disruption in financial services.
These hubs are all vying to become ensconced fintech centers in their own right, and want to contribute to the broader fiscal services ecosystem of the future. Their success depends on a variety of financiers, including access to funding and talent, as well as the approach of relevant regulators.
This turn up compiles various fintech snapshots, which together highlight the universal spread of fintech, and show where governments and regulatory bodies are trim the development of national fintech industries. Each provides an overview of the fintech exertion in a particular country or state in Asia or Europe, and details what is donating to, or hindering its further development. We also include notable fintechs in each geography, and examine what the opportunities or challenges are for that particular domestic industry.
Here are some of the key takeaways:
- Most countries in Europe deceive made some formal attempt to foster the development of domestic fintech industries, with Germany and Ireland know the best results so far. France, meanwhile, got off to a slow start, but that’s starting to shift.
- The Asian fintech scene took off later than in the US or Europe, but it’s seen brisk growth lately, particularly in India, China, and Singapore.
- The increasing distinction of technology-enabled products and services within the financial services ecosystem means the epidemic fintech industry isn’t going anywhere.
- Fintech hubs will endure to proliferate, with leaders emerging in each region.
- The future fintech prospect will be molded by regulatory bodies — national and international — as they hope to mitigate the risks, and leverage the opportunities, presented by fintech.
In full, the news:
- Explores the fintech industry in six countries or states, and identifies individual fintech pivots.
- Highlights successful fintechs in each region.
- Outlines the challenges and possibilities each country or state faces.
- Gives insight into the future of the international fintech industry.