Multi-billion dollar research firm Ernst & Young (EY) and Singaporean bank DBS recently released a collaborative report entitled “The Rise of Fintech in China: Redefining Financial Services” [PDF] to provide insights of the explosive growth of fintech in China and to evaluate the world’s undisputed leader in Fintech. After thorough collaborative research, researchers, analysts and financial consultants at EY and DBS concluded that China has outpaced London, New York, Silicon Valley, Singapore, Hong Kong and other leading global fintech hubs by a significant margin.
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