Tag "EY"

Singapore’s Fintech Adoption Has Increased by Almost Three Times in Just Two Years

In just two years, the rate of Fintech adoption among Singapore consumers has almost tripled, according to the EY Global FinTech Adoption Index 2019. Singapore’s adoption rate jumped from 23% to 67% between 2017 to 2019. The jump positions Singapore

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Global Fintech Adoption Is at an All Time High, EY Study Shows

Consumer adoption of fintech services has surged globally in the past years, rising from 16% in 2015 and 33% in 2017, to now 64%, an increase of almost 100% every two years. China and India are leading the trend with

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10 Takeaways from the Fintech Ecosystem Playbook

In the recently released Fintech Ecosystem Playbook, EY gives a panoramic view of the fintech ecosystem in 26 fintech hubs in emerging markets across six clusters, namely ASEAN, Latin America, Central, Eastern and Southeastern Europe and Central Asia (CESA), the

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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

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2 Disturbing Trends That Force Us to Consider: Are ICOs A Failure?

As of the first half of 2018, 86% of the leading initial coin offerings (ICOs) that listed on a cryptocurrency exchange in 2017 are below their initial listing price and a portfolio of these ICOs is down by 66% since

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Singapore Fintech Company Selected for EY’s Accelerator Programme

EY has selected 30 promising entrepreneurs from across Asia-Pacific, the Americas and EMEIA to take part in its 2018 Accelerating Entrepreneurs (AE) program. Of these, three entrepreneurs are from Singapore: Olivier Berthier, CEO, Moneythor Navin Suri, CEO, Percipient Partners, Pte.

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ASEAN Small And Medium Enterprises To Invest More In Technology To Boost Business Performance

Small and medium enterprises (SMEs) in Singapore and the ASEAN region see the need to invest more in technology in order to succeed under increasingly challenging conditions. These are the findings of the ASEAN SME Transformation Study by United Overseas

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Digital Transformation And Cybersecurity Are Top Concerns Of CROs

Risk management functions within financial services organizations are primarily concerned with cybersecurity and data-related risks at their firms, according to the EY and Institute of International Finance (IIF) eighth annual global bank risk management survey of Chief Risk Officers (CROs): Restore,

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Study: China The Undisputed Global Fintech Leader

China has leapfrogged ahead of London, New York and Silicon Valley to become “the undoubted center of global fintech innovation and adoption,” according to a new report by EY and DBS Bank. The document, titled “The Rise of Fintech in

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FinTech innovations could add 150 million new Islamic Banking Customers by 2021

According to EY’s Banking in emerging markets report, the assets of global participation banking (also known as Islamic banking) reached US$924b in 2015, with growth rates declining across all regions compared to previous years. The GCC region’s share of participation

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