Singapore payments FinTech TranSwap is opening a research and development centre in Edinburgh.
In Brief:
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This will be its first move into the UK.
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The centre will employ more than 50 people.
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TranSwap is already based in Hong Kong, Indonesia and Malaysia.
What does this mean?
The new research and development centre marks the FinTech’s plans to expand outside of Asia Pacific. Set up at the University of Edinburgh’s Bayes Centre, the centre will employ roles like machine learning engineers and full-stack developers.
