Innovation
McKinsey: Banks Need to Reinvent Themselves or They Will Eventually Disappear
In Asia, consumers’ tech-savviness, the rise of fintech, and advances in technology are requiring banks to reinvent themselves, according to a new report by McKinsey. In a paper titled Future of Asia Banking: How Asia is reinvesting banking for the
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Why Platformification is Key to The Next Banking Revolution
Driven by technological innovations and increased online connectivity, the world is going through a major economic revolution with the rise of the platform economy. The platform economy refers to the current transition most companies are making from being product-centric to
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The Real Reason Why You’re Failing to Innovate
In a world where change is the only constant, innovation is a tool that is essential to any organisation that doesn’t want to be made obsolete in the next few years. While the need for innovation is not unique to
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Why Fintech is an Important Ingredient in Any Smart City Ambition
Smart cities. They were a popular term that has since lost a bit of its steam among the general public, and yet, with the dramatic reduction of Internet-of-Things (IoT) prices last decade, the smart city initiative is now a gleam
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10 Innovation in Finance and Blockchain Books to Read
So here we go – it has been another six months and even though I thought I would not have time to read books anymore… … I just slept less I guess… Over the last 6 months there were also
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Banks and Corporates Need to Rethink How They Approach Innovation—Again
Innovate or die. This is a common rallying cry in this era of Silicon Valley and agile tech startups, and the banking industry is not excluded from this narrative. Fintechs grow ever popular, with their on-demand services, particularly to those
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Mitsui Sumitomo Just Launched Their Digital Hub in Singapore
Mitsui Sumitomo an insurance giant hailing from Japan, and they just announced the setup of their global digital hub in Singapore—at its Asia regional office. The digital hub has been established in Singapore since February 2019. The announcement also mentions
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Standard Chartered Just Launched a Fintech Bridge and it’s Exactly What it Sounds Like
SC Ventures, the investment arm of Standard Chartered Bank, has created a platform to connect community builders such as startups, investors and accelerators. The SC Ventures Fintech Bridge connects and matches partners from the fintech ecosystem to Standard Chartered’s internal
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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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Brokers Can Now Trade Assets over WhatsApp With Help From This UK-Based Regtech Firm
If you live in Singapore, it’s an open secret that a lot of business happens over social media like WhatsApp or WeChat, rather than through official channels. They are often a more casual channel where one can more easily build
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