Copenhagen Fintech and the Singapore Fintech Association have signed a Memorandum of Understanding, to kick-start the exploratory process between the associations.
This will include the potential scope of collaboration, identifying possible roadblocks and building a bridge between Singapore and Copenhagen.
Parallels Between Copenhagen and Singapore
Copenhagen Fintech was founded in September 2016 as an incubator and co-working space for fintech companies, with a remit to drive innovation and to position Denmark as a global player in the industry.
The Copenhagen fintech cluster opened in November 2016, hosts 35 companies, employing 80 people and growing rapidly. Similarly, the Singapore Fintech Association also launched in November 2016, with 120 companies now members.
MAS Spreading The Word
Next month Copenhagen will play host to Money 20/20 Europe, the event will see several Asian based fintech firms and will also feature Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore as a speaker.