Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.
Nine fintech associations from across Asia Pacific have announced the formation of a new network aimed at facilitating greater collaboration throughout the region and encouraging innovation across borders.
The so-called ‘Asia-Pacific FinTech Network’ was formally launched at the Asian Financial Forum in Hong Kong through the signing of a Statement of Intent by nine fintech associations.
The signatories include fintech associations of Australia, Hong Kong, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and MENA. Other associations in the region are invited to join the network.
Network participants will work together on a range of activities, including:
- co-organising events to exchange information about recent developments and to facilitate trade and bilateral foreign direct investment;
- developing and fostering collaboration between companies in Asia with startups, corporates, regulators, business partners and investors; and
- hosting joint webinars, seminars and workshops to share knowledge of technologies, products, services and standards.
The new network will focus on a range of sectors and themes which stand to benefit most from a collaborative approach, including regtech, blockchain, payments, artificial intelligence and financial inclusion.