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Answer :
b. False
Each FinTech Hub specializes in different areas of financial technology based on various factors such as the local economy, regulations, and industry needs, making the assertion false.
The assertion that every FinTech Hub develops the same kinds of fintech firms is false. Each FinTech Hub tends to specialize and excel in different areas of financial technology, influenced by the local economic environment, regulatory framework, talent pool, investment climate, and specific industry needs. For instance, a FinTech Hub in a region with a strong banking presence may develop more firms focused on banking technology, while another with a vibrant e-commerce ecosystem may produce more payment and transaction processing startups. Moreover, the specialization can also be driven by the presence of accelerators, incubators, and research institutions which support different types of innovations. Thus, the variety and focus of fintech firms differ from one hub to another.
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