Fintech Vietnam Meetup is back with another newsletter, September 2016 edition. With the fast pace of the recent development in Fintech, there are a lot of local and international news that we would like to share with you today.
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Now, let’s take a look at the newest Fintech in Vietnam updates.
TOP VIETNAM FINTECH NEWS
Fintech Networking Night – SuperCharger RoadShow HCMC
Fintech Vietnam Meetup and SuperCharger are hosting a networking night for all FinTech enthusiasts to mingle.
Speaker Line Up:
-Veronika Kuznetsova– Managing Director at SuperCharger
-Dipen Mehta– Global Head, Data, Architecture and Innovation
-Chris König, Fintech News Singapore Founder
-BIG Work HCMC CEO
Fin-attendance: SuperCharger, Standard Chartered and corporate sponsor rep, FinTech enthusiasts and investors. (Register Here)
Optimism and Opportunities Surrounding the Vietnam Card and Payment Industry
Ken Research announced its latest publication on “The Cards and Payments Industry in Vietnam: Emerging Trends and Opportunities to 2020” offer insights on the changing trends and key issues within the Vietnam Cards and Payment Industry. (Read more)
“As the First Vietnam Digital Banking System, Timo Represents the Future of the FinTech Industry”
Timo is Vietnam’s first ever answer to digital banking in Vietnam. “Similarly to Moven and Simple, Timo is a digital front-end with a licensed banking partner backend,” says König. “It’s linked to VPBank.” Timo is designed to eliminate the complexities of banking paperwork and to lower bank fees by moving everything online. Investopedia’s Andrew Bettie puts this down to lower workforce costs. “If you bank with a bricks-and-mortar bank,” he says, “your fees are paying for the cost of staffing, advertising and handling.” The only physical contact that Timo customers have with their bank is when opening their accounts and depositing their money at a Timo Hangout. (Read more)
Vietnamese government VC fund plans to co-invest with private VCs
The country will revise its regulations regardimg investment and small enterprises – acknowledging the presence of angel investors and VC firms, said the deputy minister of investment Dang Huy Dong during a workshop co-hosted by FPT Corporation, the Hanoi City People’s Committee and the Israeli Embassy. (Read more)
Hanoi Power Firm Switches Online With New Payment Options
Hanoi residents now have the option of pay their electricity bills at local banks or Hanoi Power Corporation’s (HPC) customer service centers starting from this month. (Read more)
Ride-hailing App Grab Plans $1 Bln Push With Long-term Plans for Vietnam
Grab, one of the most popular mobile transport apps in Southeast Asia, has announced plans to raise $750 million in equity financing, increasing its total capital position to more than $1 billion to become the best capitalized technology startup in the region. (Read more)
TOP SOUTH EAST ASIA FINTECH NEWS
Fintech In Personal Banking Landscape in Southeast Asia
After Singapore’s central bank made the decision in 2015 to turn the country into the fintech hub of Asia, fintech has suddenly become the new buzzword across the South East Asian region. South East Asia has long been at the coat tails of the international development of financial technology, but with member countries rolling out new regulatory frameworks, the region is poised to become a new fintech leader worldwide. (Read more)
7 Fintech Events in Hong Kong To Attend
Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia. Hong Kong in specific led the growth of the blockchain market in northeast Asia, with its friendly regulatory frameworks and policies for digital currency and blockchain-focused platform providers. In contempt of the advanced banking systems and financial platforms offered by the city’s multi-billion dollar banks and financial institutions, a substantial portion of the Hong Kong population currently utilizes non-bank payment platforms and applications to send cross-border payments and settle international transactions efficiently. (Read more)
The Future of Finance: A World Without Banks
A world without banks is coming closer. A new report by the Massachusetts Institute of Technology (MIT) investigates how legacy banks will unquestionably come to an end and the possibility of the future ‘invisible banking’. (Read more)
How Pokemon GO Influenced The Stock Market And Economy
Since its release, Pokemon Go has been breaking records in both the Apple and Android app stores. Apart from being one of the most popular mobile games ever, what impact has Pickachu and his pals had on businesses? (Read more)
Featured Image: from Pixabay