FinTech associations from across the Asia-Pacific region have announced the formation of the Asia-Pacific FinTech Network. The new network will facilitate greater collaboration throughout the region and encourage innovation across borders. Nine associations formally launched the network by signing a Statement of Intent at the Asian Financial Forum event in Hong Kong. The network is open to all other associations in the region. The new network will focus on a range of sectors and themes which stand to benefit most from a collaborative approach, such as RegTech, Blockchain, Payment Systems, Artificial Intelligence and Financial Inclusion.
Rebecca Schot-Guppy, General Manager of FinTech Australia, said “The launch of the Asia-Pacific Fintech Network is a positive step in advancing cross border collaboration and building a strong APAC FinTech network. FinTech Australia looks forward to working with the Asia-Pacific FinTech Network to foster the region's innovation and growth.
Henri Arslanian, Chairman of the FinTech Association of Hong Kong, said, “Innovation develops best through collaboration and cooperation across borders. We hope the launch of the Asia-Pacific FinTech Network will catalyse even more advances throughout the region.” Takeshi Kito, Commissioner of the FinTech Association of Japan, said, "We are pleased to be a part of the Asia-Pacific FinTech Network. With this as an impactful opportunity, we would like to make more contributions to the sustainable and inclusive growth of the global FinTech ecosystem than ever before."
Ridzuan Aziz, President of FinTech Association of Malaysia, said, "We are excited to actively be part of the Asia-Pacific Fintech Network to facilitate collaboration with each other, between our members and other key stakeholders. In the current Age of Acceleration, collaboration is key for us to enhance talent, funding, branding, digital implementation and shaping a conducive environment. Let's reach out and work with each other via this network for a better future"
Nameer Khan, Founder Board Member of MENA Fintech Association, said, "MENA FinTech Association is glad to be a part of the Asia-Pacific Fintech Network. We believe the role of associations is very dynamic and vital in bridging the regions and their ecosystems.
“This shall ensure that we are creating an environment of sharing global best practices and raising the voice of the FinTech community where and how it matters. This initiative will also serve a key role in ensuring we have smarter and relevant regulations in the coming days.