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Business

Hong Kong, Singapore unlocking their fintech potential

The financial technology, or fintech, sector has come of age. In 2014, global fintech investment broke the $12 billion mark, a 201% jump from a year earlier, according to research company CB Insights.

     Fintech is largely an American and European phenomenon, with Silicon Valley, New York and London dominating the global landscape. Asia accounted for only 6% of total 2014 investment, but the region is quickly moving to foster its own fintech ecosystems.

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