In countries like Myanmar, financial inclusion is a topic of growing importance. The rapid advances in technology are changing the way people access and consume financial products. In Myanmar, fintech companies and corporations are capitalizing on the country’s rapid development and increasing smartphone and Internet penetration to offer low-cost, user-friendly digital financial products. One of these companies is Wave Money, a joint venture between mobile phone service provider Telenor, First Myanmar Investments (FMI) and Yoma Bank. Wave Money has developed a mobile money transfer platform, offering an instant, safe and convenient way of sending and receiving money. The solution was…

The Swiss «IFZ FinTech Study 2017» of the Lucerne University of Applied Sciences and Arts provides interested parties with a comprehensive overview of the Swiss FinTech sector. The first part of the study describes the ecosystem of FinTech: On the one hand, it deals with the political and legal, economic, social, as well as technological environment. On the other hand, it provides the reader with an evaluation of the business models of 190 Swiss FinTech companies. The second part of the study introduces the reader in more detail to 104 Swiss companies that offer digital financial services. These overviews of…

Credit Suisse today announces additional enhancements to its digital private banking platform in Asia, as client adoption and usage continues to increase. Credit Suisse has entered into a partnership with a fintech company Mesitis  to provide its clients the ability to access “Canopy”, an automated account aggregation platform and reporting solution provided by Mesitis, through Credit Suisse’s digital private banking platform. In addition, Credit Suisse is also rolling out the first fully front-to-back automated Digital Client Onboarding application within the private banking industry regionally, which will enhance efficiency in the onboarding of new clients and create a new client experience.…

A Singapore digital insurance app that helps consumers organise all their insurance products in one place just raised money from 500 Startups and  received approval from MAS to enter a regulatory sandbox. The startup will be testing their solution over a 6-month period starting from 2 March 2017 by partnering with NTUC Income and Etiqa Insurance to distribute insurance products to consumers via the mobile app. Designed while keeping the consumer in mind, the easy-to-use dashboard shows your existing insurance coverage, payment and renewal dates. Consumers now get to see how much they have to pay for each insurance, when they…

The global financial industry continues to face innovative developments including the development of Financial Technology, FinTech. Thus, Authority Monetary Brunei Darussalam, AMBD has undertaken several initiatives to encourage the growth of FinTech companies in Brunei Darussalam, and at the same time, ensuring the stability of Brunei Darussalam’s financial industry. This was highlighted by Managing Director of AMBD during the launch of AMBD’s FinTech Sandbox or a virtual facilitation office. Here is what Awang Yusof bin Haji Abdul Rahman said about AMBD push forward for the development of FinTech in the country. This article first appeared on rtbnews.rtb.gov.bn

Read here all the important fintech news around Fintech in Vietnam from January. You can subscribe to the monthly Fintech Vietnam Newsletter here. Fintech Saigon Meetup, March 9th Save the Date: Fintech Startup Investments Firechat with Eddie Thai from 500 Startups on March 9th in Saigion, Reserve your seat here Vietnamese Bitcoin P2P Platform Remitano Targets Global Expansion Remitano, a Vietnam-based P2P platform for trading bitcoin, has expanded its services across the English-speaking world. (Read more) Vietnam: CMC Corporation launches $2.2m early-stage startup investment fund CMC Corporation, one of the major technology companies based in Vietnam, on February 26 launched…

The banking Chief Innovation Officer, or CIO, has seen their role change in a very short space of time. It may even be argued that the modern demands of the bank CIO are so different to what came before that it is a brand new role in all but name. This article looks at this evolution of the CIO role in banking and why they hold the key to the future success of banks, what the future CIO might look like, and the 6 key qualities of a brilliant CIO. The evolution of the Chief Innovation Officer The changes to the…

Financial service providers should rethink how they service their customers, in light of changing consumer behaviours and expectations. To track consumer patterns, Accenture Financial Services  Global Distribution & Marketing Consumer Study found that providers who can deliver a compelling new digital service model, as well as retain traditional values around trust and service, will edge out competitors. The study sampled 33,000 financial services consumers and surveyed their views on banking, insurance and investment advisory across 18 markets globally. The research identified insights on how customers want to interact with financial providers in future, and where digital innovation must play its part.…

Citi announced that Singapore has been selected as one of the countries to hold a Demo Day for its latest global FinTech initiative, the Citi Tech for Integrity Challenge(T4I), targeting the Public Sector. The Monetary Authority of Singapore has committed to support the initiative as a RegTech Contributor for the event to be held on June 9. T4I is a landmark initiative led by Citi in collaboration with public and private sector allies to provide a bridge between public sector entities and tech innovators with the aim of developing solutions that increase process transparency and efficiency. T4I will also provide…

An interesting previous Lendit USA Keynote Presentation: Developing the Developed World with entrepreneur and investor Peter Thiel. LendIt USA is the world’s biggest show in lending and fintech, and in 2017 the event returns to New York City, taking over the Javits Center on March 6-7. More than 5,000 attendees from over 40 countries will gather to share ideas, network and learn the latest in all things lending and fintech. With 16 tracks of content, including digital banking, block chain, insurance, and auto financing, as well as our annual PitchIt @ LendIt startup competition, there truly is something for…

A global survey of 2,000 investors and 500 investment providers supported by State Street has identified three aspects of data that will define stewardship for the digital age. Integration, the ability to combine both structured and unstructured data; Intelligence, the ability to draw new insights with the help of emerging technologies that will enable improved decision-making, performance measurement and client centricity; and Integrity, the ability to better safeguard data with the highest levels of security. The new report titled, “Finance Reimagined: Finding Long-Term Value in a Digital Age”, combines quantitative research with views from industry experts, to explore how firms…

Tokyo-based Trillium Inc, a leading contender in the global race to close the cyber-security gap that threatens to stop self-driving cars in their tracks, today announced the successful closing of its Series A financing round with investments by lead investor Global Brain, Mizuho Capital and DBJ Capital. Tokyo-based Trillium designs and provides custom, multi-layer adaptive cyber-security systems, focused in the near-term on automotive needs – but applicable to the entire IoT spectrum. said David Uze, Trillium’s CEO. “With funding now in place, we are set to move quickly to market with a robust and urgently needed solution. Hundreds of articles…

R&M, the globally active Swiss developer and supplier of cabling systems for high-end network infrastructures, is introducing its new R&MinteliPhy system for Netscale. The next generation of automated infrastructure management (AIM) for the world’s highest density fiber solutions now runs in continuous self-testing mode to automate system health checks. Netscale combined with R&MinteliPhy ensures up-to-date key information is always available, supporting infrastructure managers’ decision-making and helping avoid risks. IT system demands and the need for performance and agility are increasing, driven by Big Data, IoT, new (remote) working methods, mobile platforms and portable computing devices. Today’s data storage and management…

The history of IOT have been a visions of smart, communicating objects even before the global computer network was launched forty-five years ago. Here are a few milestones in the evolution of the mashing of the physical with the digital.

Open banking, a term that refers to the use of open APIs to allow banks to share information securely and provide customers with even higher levels of convenience and personalized financial advice, is an emerging trend in the banking space to watch very closely, according to Olivier Berthier, CEO and co-founder Moneythor. “Regulators across the globe mandating banks to share information about their customers’ accounts and transactions in order to enable them to access new innovative services from third-parties, is the talk of the town. It is around the corner in Europe with the revised Payments Services Directive (PSD2) coming…

Looking back at 2016, the IT sector has been dominated by the realization that it needs to make better use of its data and digital assets and become leaner and more agile than ever before. With digital transformation appearing the agenda of CIOs across the world, we can expect to see an increasing number of organizations striving to reach digital maturity in 2017. This is backed up by recent research from Forbes Insights, which revealed that 42% of organizations in Asia Pacific consider themselves either advanced or leaders in terms of their digital transformation journey. Aside from the implied continued…

The history of IOT have been visions of smart, communicating objects even before the global computer network was launched forty-five years ago. Here are a few milestones in the evolution of the mashing of the physical with the digital. Facts from internetofthingsrecruiting.com

Passengers traveling through Singapore Changi Airport can now utilize their unneeded foreign change (or remaining Singapore dollars), using the new TravelersBox kiosks located at the airport. TravelersBox is an innovative fintech company that helps travelers convert their leftover foreign currency, including bills and coins, into digital money with favorite e-Gift cards (iTunes, JD.com, Grab, Tokpedia, Starbucks, Facebook) or e-wallet brands (PayPal and Baidu). They may also make a contribution to the Changi Foundation, the philanthropic arm of Changi Airport Group (CAG) that supports youth community efforts, or charities such as the Red Cross. This way, money that would otherwise be…

Thomson Reuters today announced the official opening of Thomson Reuters Labs – Singapore. The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thomson Reuters Labs growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich. Located in Singapore’s central business district at One Raffles Quay, the Lab opening was officiated by Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority Singapore (MAS) and will support Thomson Reuters financial & risk, tax & accounting and legal businesses…

Experts who attended the inaugural National Fintech Cyber Security Summit share the view that collaboration between Australian authorities and the private sector would build a strong information protection industry locally. With cyber threats growing more damaging and more sophisticated, it is imperative that the industry should reduce dependency on overseas providers for the protection of Australia’s critical information. Held by CSIRO’s Data61 and fintech hub Stone & Chalk, in conjunction with partners KPMG and the Australia Israel Chamber of Commerce (AICC), the summit seeks to address cyber security issues within Australia. The summit’s objective was to also provide an opportunity for…