The Singapore Fintech Association signed memorandums with Enterprise Hungary and Innotrade opening a new front for Asian based financial technology firms.
The Singapore Fintech Association (SFA) inked memorandums of understanding (MOU) with both Enterprise Hungary and The Hungarian National Trading House (HNTH) and its Innotrade Program.
The HNTH Innotrade Program provides foreign validation access to startups that innovate key industries. The financial technology industry being a key focus.
Growing Reach
The MOU signed between the non-profit associations aims to bridge the two fintech ecosystems, through cross-border collaboration and information sharing. The partnership will continue to nurture global business opportunities and allow exchange of expertise between members, with the aim of developing innovation in both markets.
«Hungary is a gateway to an undiscovered and exciting region: Central Eastern Europe. We would like to empower Singaporean tech and fintech startups to enter this market,» said Zsolt Kovacs, CEO, Enterprise Hungary.
The SFA has in recent months signed agreements with a number of fintech associations including the Swiss Finance and Technology Association and in May with Copenhagen Fintech.
