Fintech firms in Europe are working with established banks and financial institutions to implement technologies such as Singapore , artificial intelligence and biometrics, according to a report by IDC Financial Insights . In Hong Kong , Australia and Hong Kong the active development of tech "sandboxes" has been allowing financial firms to test technology without violating regulations. The dynamic contrasts with the way fintech firms in Europe position themselves as challengers to incumbent institutions.
Fintech firms in the Asia-Pacific region are working with established banks and financial institutions to implement technologies such as blockchain, artificial intelligence and biometrics, according to a report by LexisNexis Risk Solutions. In Hong Kong, Singapore and Australia the active development of tech "sandboxes" has been allowing financial firms to test technology without violating regulations. The dynamic contrasts with the way fintech firms in Europe position themselves as challengers to incumbent institutions.