SIP is now home to 33 projects run by banks, financial service companies and tech companies to develop fintech (financial technology), a new tech that seeks to improve and automate the delivery and use of financial services. It is picking up the pace toward a fintech innovation center in the Yangtze River Delta (YRD) region. 

 

SIP authorities plan to introduce more projects of the kind in the future and give them all-around support so that an integrated fintech development and application ecosystem can form up in the area. Specifically, more platforms for fintech innovation and development will be set up, while administrative supervision will be enhanced and special policies will be implemented to support cultivation of fintech professionals and entice more people into related R&D activities.

Moreover, SIP is making preparations for hosting the 2nd Sino-Singapore (Suzhou) Fintech Expo late this year to give domestic and overseas financial and technical experts and professionals a chance to share their expertise and views on fintech.