Try GOLD - Free
Port City Colombo wooed to be South Asia's leading fintech hub
Daily FT
|April 25, 2025
PORT City Colombo is being encouraged to become a vibrant regional hub for fintech innovation and investment in South Asia.
-
CHEC Port City Colombo Managing Director Xiong Hongfeng this week received the report “Enhancing Port City Colombo as a Leading Fintech Hub in South Asia” from Fintech Association of Sri Lanka (FASL) Founding President and coordinator of the initiative Rajkumar Kanagasingam, during the FinTech World Cup (FWC) Regional Competition held at Port City Colombo. The initiative is supported by a number of fintech experts from around the world, with University of Hong Kong Kerry Holdings Professor in Law Prof. Douglas Arner serving as the chief consultant.
The FASL, an ecosystem partner of the Dubai International Financial Centre (DIFC) Innovation Hub and the Global Finance and Technology Network (GFTN)—formerly Elevandi, established by the Monetary Authority of Singapore (MAS)—supports Port City Colombo in aligning with global fintech hubs like Dubai and Singapore.
At the centre of this vision is the proposed Colombo International Financial Centre (CIFC) Fintech Innovation Hub.
This story is from the April 25, 2025 edition of Daily FT.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Daily FT
Daily FT
UN warns "world is not prepared” for escalating climate disasters
THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.
2 mins
December 12, 2025
Daily FT
Sajith launches Disaster Information Centre
Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level
1 min
December 12, 2025
Daily FT
Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed
Subscription list closes on opening day as investors grab initial offer and option
1 min
December 12, 2025
Daily FT
US Fed delivers third rate cut of the year
THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.
1 min
December 12, 2025
Daily FT
Positive momentum in primary auctions continue
Secondary Bond market rates decrease Rupee depreciates
1 mins
December 12, 2025
Daily FT
ADB grants $ 200 m loan for water, food security in North Central Province
THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.
2 mins
December 12, 2025
Daily FT
Banking assets up 16% YoY to Rs. 24.5 t in 9M
THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.
1 min
December 12, 2025
Daily FT
Cabinet green lights procuring range of vehicles and equipment to boost primary health care system
THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.
1 mins
December 12, 2025
Daily FT
Cabraal discharged on condition he compensates Central Bank in three months
Lawyer argues his client had no intention of causing financial loss to GoSL
2 mins
December 12, 2025
Daily FT
New 3% concessionary loan scheme to support 130,000 MSMEs from next year
IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.
1 min
December 12, 2025
Listen
Translate
Change font size