Studies
Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%
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Singapore FIs Show More Caution in Adopting BaaS, AI, and Embedded Finance
Singapore’s financial institutions have demonstrated a mix of resilience and cautiousness in adopting new banking technologies amid challenging global economic conditions, according to financial software provider Finastra‘s annual global survey. The ‘Financial Services: State of the Nation Survey 2023’ indicates
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Navigating APAC’s Financial Transformation for Customer and Competitive Gains
In a region experiencing rapid digitalisation, Asia-Pacific is projected to lead global cashless transaction growth and surpass 50% of the world’s volumes, according to the PwC Payments 2025 & Beyond report. Although presenting abundant growth opportunities, this dynamic landscape brings
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Banks View Fintechs as the Biggest Threat to Their Cross-Border Payments Business
Traditional lenders are losing market share in cross-border payments to non-banks, with digital challengers and fintech startups rapidly gaining ground by solving some of the most critical issues in the sector including its high fees, inefficiencies and slow transaction speeds,
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Lending is the Single Largest Fintech Revenue Driver in Southeast Asia
The digital economy of Southeast Asia remains robust, its resilience cemented by digital financial services that have proven to be the bedrock of growth amidst the pandemic and prevailing economic turbulence. The link between revenue and gross merchandise value (GMV)
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Banks View Tech Giants as Their Biggest Threat
Banks are growing increasingly concerned about competition from technology and e-commerce disruptors, with firms like Google, Facebook and Microsoft being now perceived among their biggest competitors in the next five years, a new study conducted by Economist Impact and commissioned
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McKinsey Wealthtech in APAC Report: 2.25 Trillion Valuation by 2027
In Asia-Pacific (APAC), the nascent wealthtech sector is poised to witness strong growth, a rise which will be driven by technological advancements, the region’s increasing wealth as well as its large affluent segment which has so far remained largely untapped
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Southeast Asia Digital Economy Set to Hit US$100 Billion in Revenue
In an era marked by rapid technological advancements and economic unpredictability, Southeast Asia stands out with a digital economy that is not just surviving, but thriving. The e-Conomy SEA 2023 report from Google, Temasek, and Bain & Company provides a
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Entrust Report Highlights Shifting Consumer Trends in Banking and Payment Tech
The Entrust Cybersecurity Institute has recently published the Digital-First Banking report, which is a comprehensive analysis of the evolving preferences and attitudes towards digital banking. Financial services’ cybersecurity specialists Entrust has the Cybersecurity Institute research house to curate insights for
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Green Fintech Picks up Steam in ASEAN Amid Growing Investor Interest, Business Adoption
In Southeast Asia and the broader Asia-Pacific (APAC) region, green fintech is picking up steam and growing on the back of increasing climate-related regulations, growing adoption of sustainable practices among Asian businesses, and rising investors’ interest, a new report by
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