Thailand ranks seventh out of 10 Asian countries in terms of regulatory advancement and financial attractiveness on a Taiwanese consulting firm's FinTech Competitiveness Index. Singapore, Hong Kong, Japan, South Korea and Taiwan top the index, followed by Malaysia, Thailand, Indonesia, Vietnam and the Philippines. The survey, conducted in October, judges countries on eight aspects: political environment, funding potential, financial attractiveness, talent, regulatory advancement, customer and market constructs like smartphone penetration, innovation ecosystem and business environment. The Thailand 4.0 policy lays out a solid foundation for the country's financial technology (fintech) development. Mr Lin said Thailand can be a regional fintech hub if it can enlist enough talent to work in financial programming, data analytics and data science, areas crucial for fintech development.

Source: Bangkok Post December 06, 2017 22:30 UTC