Singapore’s Lattice80 expands to London
By Digital News Asia August 30, 2017
- Appoints Nic Pantucci, leveraging on his experience in the technology and fintech sectors
- Expansion will support the Fintech Bridge agreement signed between the UK and Singapore in 2016
LATTICE80, a fintech hub wholly-owned and operated by Singapore-based private investment firm Marvelstone Group, will open a fintech hub in London as part of its global expansion.
As of August 2017, the UK entity has been registered, but a suitable hub space remains to be found.
Lattice80 is in talks with relevant parties in the private and public sectors, with plans to secure and open a hub by 2018.
Lattice80 has appointed Nic Pantucci as general manager of Lattice80 London.
Pantucci will be responsible for overseeing Lattice80’s UK presence, leveraging on his years of experience in the technology and fintech sectors as an entrepreneur and business leader.
The company is committed to building a platform to link UK startups to Asian investors and corporates. Vice versa, the platform will also enable Asian startups to better connect with, and expand to, the UK market.
Mark Field MP, Minister of State for Asia and The Pacific in the Foreign & Commonwealth Office, said: “I'm delighted that Lattice80 is expanding into to the UK. They are perfectly placed to help facilitate Asian investment into the UK and help UK startups expand into the rapidly growing Asian fintech market. It is a great example of the UK-Singapore FinTech Bridge in action.”
Lattice80 CEO and Marvelstone Group chairman Joe Seunghyun Cho said: “London has been on our radar from day one. To do anything big in fintech you need to be there, and we’ve been impressed by the UK Government’s support for new technologies in financial services.
“With the appointment of Nic as GM of our London operations, and a new fintech hub and online platform in the work, we’re more confident and excited than ever for our global expansion plans.”
“I’m delighted to join the global team at Lattice80 in their vision of bridging the world’s fintech ecosystems, especially between the UK and Asia. The speed at which Lattice80 has grown over the past few months is very exciting, attracting attention from key stakeholders in the fintech community all over the world. I’m confident that we’ll make a terrific success of the London hub,” says Pantucci.
Lattice80’s expansion to the UK will support the “Fintech Bridge” agreement signed between the UK and Singapore in 2016.
The fintech bridge introduced collaboration between the Regulatory Cooperation Agreement between the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS).
It enables the regulators to refer fintech firms to their counterparts across the globe. It also sets out how the regulators plan to share and use information on financial services innovation in their respective markets.
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