London and Singapore global fintech hubs, report says

London and Singapore are two significant global fintech hubs, a joint report by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Singapore Chartered Accountants Institute (ISCA) – published on Finews – says. Five key elements for a fintech hub are markets, talent, capital, regulation and government support.
«Fintech is most effective when innovators, investors and regulators can interact, build networks and learn from each other. Exploring successful hubs where these elements are working in harmony is a good way to learn about what drives successful fintech innovation,» said Mark Billington, regional director of ICAEW in South-East Asia.