LATTICE80, a global FinTech Hub, has moved its global headquarters from Singapore to London.
The company is looking to expand around the world and into several new cities including London, New York and Seoul. This relocation will better support its expansion plans across Europe, Asia and the US. Following the move, the company will still have operations in Singapore to support Southeast Asia.
LATTICE80 helps to build an ecosystem for FinTech startups, financial institutions, governments and the public to collaborate. Its objectives are to support FinTechs to prototype, develop and expand their businesses globally, support the adoption of solutions by financial institutions and create public and private partnerships to develop new technology and infrastructure.
The company is set to launch an ICO for the KAYA Token during the Money20/20 event later in the month.
LATTICE80 co-founder and founding CEO Joe Seunghyun Cho said, “Europe is one of the most progressive regions to develop business models to deal with innovation in FinTech and Blockchain. Regulations and industry standards are very well developed and adaptive to changes. General Data Protection Regulation (GDPR) and Payment Services Directive (PSD2) are good examples to show how progressive Europe is.”
Earlier in the week, the European Commission launched a new 23-step action plan to support FinTech companies across the region. The commission hopes to support FinTechs operating across Europe but also providing security for consumers.
London has consistently been in the top 3 cities around the world for the number of FinTech deals completed, according to data by FinTech Global. Last year, the city overtook New York to become the top city for number of FinTech deals completed.
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