Financial Inclusion
Experian and Standard Chartered to Bolster Credit Decisioning With Machine Learning
Experian, a consumer financial data service provider, has partnered with Standard Chartered to drive financial access across key markets in Asia, Africa and the Middle East by leveraging the “latest technology innovation” in credit decisioning. Without enough credit bureau data
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Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More
At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking
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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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B2B Forex Tech Provider Koku Targets Southeast’s Non-Bank Financial Institutions
COVID-19 continues to spread around the planet with now more than 7.3 million reported cases, including over 416,000 deaths, according to the latest data from the Johns Hopkins University. In Southeast Asia, Singapore has one of the highest infection tallies,
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7 Fintechs in South East Asia That’s Making Financial Inclusion Its Mission
Over 70% of adults in Southeast Asia currently lack sufficient access to financial services and millions of small and medium-sized enterprises (SMEs) in the region still face large funding gaps. The underbanked and unbanked is often overlooked by incumbent banks
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7-Eleven Eyes to Serve Singapore’s Underbanked Through Pay2Home Partnership
The underbanked in Singapore, which includes hundreds of thousands of migrant workers who remit funds as a basic necessity, are often excluded from fintech innovation, unable to access the full benefits of digital services due to a lack of digital
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The Digital Ecosystems That Will Help Indonesia Reach 80% Financial Inclusion
The Southeast Asia Internet Economy Report 2019 by Google, Temasek, and Bain & Company predicts that Indonesia’s digital economy will more than triple to US$133 billion in 2025, driven largely by increasing acceptance by its more than 260 million population.
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Philippines’ RCBC Registers Over 500% Growth in its Inclusive Digital Finance Initiative
Rizal Commercial Banking Corporation has achieved exponential growth for its mobile point-of-sale (mPOS) implementation generating 515% and 622% year-on-year growth on transaction volume, from US$ 6.5 million in 2018 to US$ 41 million, and on transaction count, from 111,000 to
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With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion
Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services,
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India Turns 350,000 Postmen Into Bankers To Serve Customers In Remote Areas
Across the country, over 350,000 postmen are offering doorstep financial services to people in even the remotest parts of India. They are equipped with a mobile phone and a hand-held biometric scanner to perform tasks of bankers including opening savings
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