Mergers & Acquisitions

Singapore was the second most popular pick, after Munich, to emerge as a global fintech hub over the next two years. Photo: Alamy

Munich and Singapore set to emerge as global fintech hubs: survey

M&A activity in financial technology is likely to grow substantially over the next two years globally, with banks, financial institutions and fintech-focused private equity and venture capital firms all prepared to spend more money on deals, according to survey by US law firm Reed Smith.