Tag "digitalization"
Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) arrangements. Consumers and businesses are signing up en masse to digital banking
Read More
Banks View Digitising Trade Finance as a Top Priority
Around the world, banks are reconsidering their trade finance business model, viewing digitalization as one of the most important trends that will shape the industry in the coming years, according to a new survey. The International Chamber of Commerce (ICC)
Read More
Singapore Ranks First in the World in Digital Readiness
Singapore has been named the world’s top nation in terms of digital adoption and which showcases the most favorable environment for digitalization, according to Cisco’s annual Digital Readiness Index. The index, which measures digital readiness of countries based on seven
Read More
Singapore Banks Beat Hong Kong Counterparts In Digital Transformation
Singapore banks are beating their Hong Kong counterparts in terms of digital transformation, according to a research by labor market intelligence startup JobTech which analyzed the state of digitalization in banks in both locations based on their hiring activities in
Read More
The Need for APAC Banks to Reinvent Themselves
Consumer banking is rapidly changing in Asia-Pacific (APAC) and banks must reinvent themselves amid changing regulations, emerging technology, elevated client expectations and the entry of disruptive competitors, according to a new article series by EY. Changing regulations The banking
Read More
Oracle Survey: Incumbent Banks Must Go Digital To Stay Relevant
The era of traditional banking is coming to an end as customers are now demanding banking to be better integrated into their digital lifestyle, providing service that is instant, integrated with social platforms and driven by data, according to a
Read More