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Thousands of people gathered for the FinTech Festival in Singapore in November 2016. (Photo by Mayuko Tani)

Singapore wants to be a fintech kingmaker

Other countries are also looking to digital financial services for growth

MAYUKO TANI, Nikkei staff writer | Singapore

Tiny Singapore has its hands full in trying to maintain its status as a financial hub of Asia. To succeed, it is stoking the fires of financial technology, or fintech.

In November, more than 13,000 people gathered in Singapore to attend the inaugural FinTech Festival. The highlight was the FinTechHackcelerator, in which 19 startups chosen from a pool of 655 international applicants demonstrated their hottest innovations, from payment systems to portfolio analysis tools.

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