Singapore-based fintech hub LATTICE80, which is run by VC Marvelstone Group, has signed a memorandum of understanding (MOU) with the Nordic Finance Innovation (NFI), an independent Nordic executive network for the finance industry.

The partnership will raise awareness of fintech’s potential between Asia and the Nordics; office space sharing; events collaboration; in-country exclusivity; exchange programs for members; and the leveraging of mutual contacts and networks.

“We look forward too welcoming fintech startups from the Nordics to Singapore and our other hubs in Asia, and vice versa – we are certain our fintech startups in Asia will be thrilled by the opportunity to experience the Nordic culture, business and regulatory environment, and networking opportunities,” said Joe Seunghyun Cho, CEO of LATTICE80 and Chairman of Marvelstone Group.

Also Read: Lattice80 expands to Vizag to build fintech ties between Singapore and India

The Nordic region’s future as a fintech hub shows great potential. According to the Innovation Delivered: Fintech Disruptors 2017 Report sponsored by DNB, 72 per cent of respondents expect the Nordic region to be the world’s leading hub by 2020.

Meanwhile, 42 per cent of Nordic financial institutions surveyed want to expand their existing partnerships with fintech firms. 42 per cent of Nordic banks surveyed also intend to set up fintech incubators.

“Nordic Finance Innovation wants to build global bridges together with LATTICE80 to strengthen our relationship with the Asian market by being present, through exchange programs, organising common events and sharing knowledge about the fintech developments that are shaping the future,” Iren Tranvåg, CEO at NFI.

Image Credit: Lattice80

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