Covid19
COVID-19 Has Given All Fintech Verticals A Boost Except Digital Lending
The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint
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Vietnam’s Financial Sector Ramps up Digitisation Efforts
In Vietnam, COVID-19 has driven a sharp upturn in demand for tech infrastructure and digital capabilities as banks accelerate their digital transformation, experts said during a panel discussion. During a webinar hosted by Finastra, experts from the industry shed some
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Four in Five Fintech Firms in ASEAN Set on Expanding Despite COVID-19
Despite disruptions brought about by the COVID-19 pandemic, four in five fintech firms in ASEAN will push ahead with their expansion plans in the next two years, this is according to a report by UOB, PwC and the Singapore Fintech
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Fintech Sees Strong Growth in South East Asia as COVID-19 Skyrockets Digital Adoption
Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Owing to the surge in digital adoption by customers and businesses, usage of digital financial services has jumped
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DBS Makes Radical Shifts To Adapt to The Future of Work
DBS announced that it will be rolling out a series of initiatives to adapt to the future of work by addressing the massive changes brought about by COVID-19. These initiatives are a result of insights gathered from research, deep-dive experiments
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COVID-19 Impact Accelerates IoT Projects in Singapore
Companies in Singapore have identified the Internet of Things (IoT) as a key priority to address the impact of the COVID-19 pandemic, a new study by Vodafone Business has revealed. According to Vodafone Business’ IoT Spotlight 2020 report, 86% of
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Enterprise Open Source and the Future of Banking
Financial services are in the midst of a profound digital transformation, driven by technological advances, changing customer expectations, and the COVID-19 pandemic. The ongoing public health crisis has accelerated the shift to digital, and at this point, it is safe
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COVID-19 Has Caused Financial Regulators from Around the World to Prioritise Fintech
Amid COVID-19, central banks and financial regulators around the world are increasing their prioritization of fintech, with 85% of them indicating a high or increased focus on fintech in light of the pandemic, according to a new study by the World
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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties
Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000
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Finance Needs to Be Redefined for Good to Serve One Billion of Asia’s Unbanked
As a catalyst for digitalization, COVID-19 will further help improve financial inclusion in emerging economies, according to Wissam Khoury, head of international at Finastra. Home to an unbanked population of about 1 billions, Asia has experienced a boom in fintech
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