A tale of 44 cities | Bangkok S e l f e v a u l a t i o n o f t H h e u h b u b i i n n d i s c i High Ran x a t k o NEW HUB e y r s a r e a Bangkok s Hub profile k M a dr i M d G il o a v n e r n m e G n l o b a l F i t C n e s Digital Ventures n t r B e u a 3 p n 9 gkok p Dream Office (C-Asean) o r Dtac Accelerate t Krungsri Rise The Thai FinTech ecosystem is growing rapidly. In 2016, the number of B FinTech startups doubled from around 40 to almost 90. Bangkok, which udapest is at the centre of Thailand’s economy and financial industry, is driving In FinTech development in Thailand. Most major banks have launched n INDEX SCORE o v their own corporate VCs, innovation labs and accelerator programs for a t Moscow i o FinTech startups. In Thailand, regulators (the Securities and Exchange c n Commission and the Bank of Thailand in particular) play an active role 137 utlu 64uBoD er in growing the FinTech ecosystem. For example, the SEC launched n enisgni a FinTech competition to promote and support new ideas of k oitav ss financial innovation. Low Ran onnI laboxednI25 lG tise Re per gula o ex tion ty t imi rox P For mers Hub representative eign st o custo Thai Fintech Association artups Proximity t Acting President Jessada Sookdhis Source: Global FinTech Hubs Federation Produced by Deloitte 28