New York hub to help bridge U.S. and Asia’s fintech ecosystems
- Building on Singapore: The Singapore fintech hub and community has shown significant growth over last 12 months, providing a positive case study and blueprint.
- Clear U.S. Demand: LATTICE80 New York will be a strategically important location as a fintech hub, ahead of even Silicon Valley.
- Connecting Asia: With hubs in Singapore and New York, the goal for 2018 will be to help New York’s fintech community expand to Asia through Singapore.
SINGAPORE, Oct 23, 2017 — LATTICE80, a fintech hub based in Singapore, plans to open a New York hub in 2018. Owned and operated by private investment firm Marvelstone Group, the New York hub is expected to be the city’s largest fintech hub in a prime central business district (CBD) location when it opens next year.
Marvelstone Group recently announced plans for fintech hubs in Vizag, India and London, U.K. The New York hub is the latest addition to its international expansion strategy for 2018. Beyond Fintech, Marvelstone Group is also looking at sectors including Artificial Intelligence (AI), Crypto Banking, and Energy.
Joe Seunghyun Cho, CEO of LATTICE80 and Chairman of Marvelstone Group, said: “The Singapore fintech community has shown significant growth over last 12 months. We see clear demand to expand our fintech hub businesses to the U.S. LATTICE80 New York will be a strategic location for us, ahead of even Silicon Valley. We will help New York’s fintech community to expand to Asia through Singapore.”
LATTICE80’s New York hub will focus on venture building fintech projects, providing accelerator opportunities for startups, and supporting the community through investments. Capitalising on New York as the heart of modern banking and investment, the hub will leverage synergies at the core of traditional financial institutions spread throughout the city.