Marvelstone Group, a private investment group in growing business, will launch the world's largest Fintech Hub in Singapore– LATTICE80, in early November.
According to the official release, LATTICE80 aims to help in developing and expanding fintech startup prototype and their business models overseas, support companies and financial institutions in their adoption of innovations and form public-private partnerships in order to develop new technology and financial infrastructure.
"We think Singapore is the right place for a global Fintech Hub for a number of reasons. Singapore, being a traditional financial and trading hub, has the legal infrastructure and access to global investors that budding fintech companies would look for," Joe Seunghyun Cho, Chairman of Marvelstone Group said.
The fintech hub is located in the Central Business District (CBD) that is close to key financial institutions, stock exchanges and regulators. The move to establish LATTICE80 follows Singapore Government’s Smart Nation Vision that is focused on empowering people and businesses through increased access to data, innovative ideas and solutions by utilizing technology.
"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. We also seek to bring partners onboard and collaborate with other Fintech hubs like London's Level 39, Australia's Stone & Chalk, and Israel's The Floor,” Gina Heng, CEO of Marvelstone Group said.
Headquartered in Singapore, Marvelstone Group believes in the growth of Asia and seeks to be a cornerstone investor to bring forth positive development and social impact to local communities. With finance as its core strength, it also makes diversified investments in technology, real estate, infrastructure, energy and media.
