Singapore is home to a lot of fintech companies in the region.
The country is home to more than 40 innovation labs focused on fintech startups, and fintech firms in the country attracted more than SGD500 million (US$362 million) in investments last year.
Further, fintech companies in the country not only just have the support of the Monetary Authority of Singapore (MAS) but also the Ministry of Communications and Information and the Infocomm Media Development Authority (IMDA), among other local regulatory bodies and agencies.
While neighboring countries seem to be attentive to the needs of the fintech companies, Singapore seems to be doing something right (and better).
Source: Soumik Roy | Techwire Asia