Interim report on Colombo Intl. Financial City as top Fintech hub

Tuesday, 2 July 2024 01:57 - - {{hitsCtrl.values.hits}}

Colombo Port City Economic Commission Chairman Dinesh Weerakkody and Monetary Authority of Singapore (MAS) Fintech Chief Officer Sopnendu Mohanty received copies of interim report on “Enhancing Colombo International Financial City (Port City Colombo) as a leading Fintech Hub in South Asia” from Fintech Association of Sri Lanka (FASL) President and coordinator of the initiative Rajkumar Kanagasingam during the “DigiEcon Global Investment Summit” which was held recently at Hotel Cinnamon Grand Colombo.

Kerry Holdings Professor in Law at the University of Hong Kong Professor Douglas Arner serves as the Chief Consultant of the initiative which is supported by a number fintech experts internationally.

FASL is an ecosystem partner of Dubai International Financial Centre (DIFC) Innovation Hub and Elevandi, an independent organisation created by the Monetary Authority of Singapore (MAS).

The initiative will support establishing a “Fintech Innovation Hub” in the Colombo International Financial Centre (CIFC) of the upcoming Colombo Port City, which will contribute CIFC turn into a leading Fintech Hub in South Asia.

The hub could provide further momentum to South Asia’s Fintech ecosystem by attracting diverse multimillion-dollar investments.

It could become a strategic hub in the South Asian region by providing a state-of-the-art ecosystem for fintech startups to expand globally.

The hub could function facilitating innovation, partnerships and global expansion collaborating with DIFC Innovation Hub and Singapore Fintech Ecosystem, attracting South Asian fintech startups.