Although fintech has been a global phenomenon, nowhere has the combination of finance and technology been as impactful as in Asia. This report examines some of the key fintech trends that have been re-shaping Asia’s financial industry thusfar as well as examine the trends that will shape the future.
From the sprawling street markets of Bangkok to the high-tech shopping districts of Tokyo, the nature of retail payments is changing. Across Asia Pacific, a silent revolution is reshaping how consumers transact.
In today's increasingly digital economy, the concept of embedded finance has emerged as a powerful tool for non-financial companies to enhance their offerings and tap into new revenue streams.
From financial inclusion to AI Fintech literacy, this report promises to be a highly valuable resource for staying ahead in the ever-evolving Fintech space, covering trends, issues, and challenges that will define 2024.
The banking industry is experiencing a rapid evolution in consumer preferences and technology, which has brought it to a turning point. Read this report to gain insights into the strategic role of cloud banking in enabling continuous innovation amidst growing competition.
As a wave of digitisation swept over the consumer payment landscape in Southeast Asia, the pace of evolution has been so rapid that most of the payment data and coverage of fintech service providers from just two years ago is no longer valid.
In the rapidly evolving landscape of global finance, few nations have witnessed a transformation as profound as that of the city-state of Singapore. What was once a regional trading post has become a formidable player in the world of cross-border payments and treasury management.
The Solomon Islands has an opportunity to leverage ongoing payment modernization efforts, including the Automated Transfer System infrastructure, to help drive innovation in retail payments, increase the uptake of digital financial services, and promote financial inclusion.
The internationalization of capital markets has accelerated over the last few years as ecosystem players such as exchanges and broker-dealers evolve from having a solely domestic presence, to having a more regional and global presence. There are several drivers behind this acceleration, which can be best broken down into demand factors, supply factors, and enablers.
In recent years, banks in the Asia-Pacific (APAC) region have faced rising regulatory scrutiny amid a global fight against money laundering and other financial crime. Banks have been rocked by the massive 1MDB scandal, implicated in the FinCEN papers and are wary of being exposed to the cryptocurrency industry, which is in its nascent stages and lacks comprehensive regulation.
The pandemic forced financial institutions across the region to re-think the work environment. For many staff, this was a benefit as it shortened commutes and often improved productivity. For others, it was more challenging as it meant juggling personal and professional commitments.
As we start 2023, the global market faces a period of great geopolitical and macroeconomic uncertainty. Although there are signs that inflation might be under control and Europe has largely weathered the winter unscathed, many economists see more turbulent times ahead.
Open Banking arose out of a sweeping piece of European Union (EU) legislation known as the second Payment Services Directive, or PSD2, in 2016. It is the use of application programming interfaces (APIs) to streamline the sharing of customer bank data with third parties.
The inexorable march of new technology in everyday life is heavily impacting the nature of financial services in Asia. One area of particular interest is the degree to which financial services are increasingly being provided via non-financial platforms or apps – embedded finance.
The seventh edition of the Singapore FinTech Festival (SFF), which concluded on the 4th of November 2022, attracted more than 62,000 participants from over 115 countries. This was the largest SFF gathering since the inaugural edition in 2016. As we look back at the Festival, it is valuable to consider the role that the Festival has played in the context of FinTech in Singapore and globally.