Posts From Kai Kiat

News from all over the world

Opening Shot For International Regulation For The Fintech Industry

There is a Chinese saying that roughly translates to ‘A Tall Tree Catches The Wind’ (树大招风) and this is an adept saying for the Fintech industry. The fintech industry had grown from its nascent stage in 2005 and it is

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Traditional Insurance Companies Forced By Insurtech To Innovate In 2017

The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires

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3 Innovative Fraud Prevention Solutions

In a previous article, we introduced the fact that card fraud is a massive $35billion problem. It has the potential to de-rail the growing trend of online payments and undermine the trust of consumers worldwide. Lexis Nexis found that it

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The Missing Regtech Startups In Singapore & Hong Kong

Regtech might not be a familiar name to most people but it is an important component in the fintech space. Regtech stands for regulatory technology which exists to help financial institutions and other organizations comply with increasingly stringent compliance rules.

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First 5 Licensed Players in Hong Kong Digital Payment Landscape

Hong Kong had granted Stored Value Facilities (SVF) Licenses to the first 5 batch of digital payment payment providers last month according to Startup Beat. This is in response to Payment Systems and Stored Value Facilities Ordinance which came into

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Singapore’s FinTech Answer To The $35 Billion Card Fraud Problem

We take card payment for granted in our daily life from the paying of meals to purchasing of concert tickets online. According to Nilson, the world purchased $28.8 trillion worth of goods and services in 2014 by credit, debit and

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Installing Android Pay in Singapore – An Experience

Android Pay was launched recently in Singapore, as the very first country to experience it in Asia, right after Apple Pay and Samsung Pay hit the market. Apple Pay or Samsung Pay is not an option for Adroid devices. Android powers

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Financial Institutions Have These 3 Fears Of Artificial Intelligence

The Monetary Authority of Singapore (MAS) ordered BSI Bank Singapore to shut down recently on 24 May 2016. This serious action is due to their compliance oversight in money laundering which resulted in a criminal case. This is also a

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Human Touch In Digital Disruption

Technology evolves quickly, and it changes our way of life faster than appreciated. Hence, it is of value to us to study comprehensive materials by large organizations which surveyed the changing landscape. Citibank had recently released a worldwide study on

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3 Asian Insuretech Disrupt Specific Segments Of Insurance

Disrupting Individual Insurance Segments We have seen how technology had disrupted traditional business. The most classic example is when Grab entered the taxi industry caused many traditional taxi drivers to either use its service or content with less bookings. This

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