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Fintechs continue to proliferate the market in Sydney , with the likes of Athena Home Loans , Afterpay , ZipCo and Brighte hitting the market in recent years . Heralded for its supportive regulatory environment for fintechs , Sydney makes it easier for businesses to test the market and engage in preliminary Asia-Pacific market expansion programmes . Sydney ’ s financial capabilities are built on Australia ’ s US $ 2.3tn superannuation pension savings pool , the fifth largest in the world – enabling New South Wales ( NSW ) regulators to offer a supportive environment for fintech startups looking to secure growth in the region .

Hong Kong has long been one of the world ’ s premier financial centres . Now , the city is transforming its proposition to incorporate fintechs – supporting startups while the region ’ s legacy banks have begun integrating fintech applications across the financial services spectrum . In fact , a 2020 study by HKMA found that 86 % of incumbent banks are integrating fintechs into their operations across Hong Kong . It also launched the Fintech Antiepidemic Scheme for Talent Development ( FAST ) in recent years – a job subsidy plan of US $ 15.5m to enrich Hong Kong ’ s talent pool at the height of the COVID-19 pandemic .

34 November 2023