Global finance: Sydney have potential to be the biggest fintech hub in Asia pacific region

A report from KPMG - Scaling the Fintech Opportunity states that Sydney is fast becoming the Asia-Pacifics fin-tech hub, with new research showing the city is outpacing the likes of Hong Kong and Singapore. The report also reviewed that Australias bustling fin-tech scene has 579 companies, up from less than 100 in 2014. As we believe an innovative business strategy could enhance the future economic security of Australia, it is good to know Sydney is on top of Asia-Pacific area regarding fin-tech. But what exactly is fin-tech? What does it mean to be a fin-tech hub? How could we benefit from it? What risk, if any, does it entails? Ivan has asked director and financial planner Kam Yuen from CoWealth Partner to help us understand a bit more. (Photo by CafeCredit under CC 2.0)

Fintech Source: Flickr/ CafeCredit.com