Studies

Singapore Fintech Report 2021: Blockchain Dominates Singapore’s Fintech Scene

Singapore’s fintech industry continued its momentum in 2020 on the back of new regulations, fintech initiatives from regulators themselves and the introduction of the city state’s very first digital banks, according to the Singapore Fintech Report 2021 produced by Fintech

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Microsoft and IDC Joint Study Examines Culture of Innovation in the Financial Industry

Despite the challenges and disruptions of COVID-19, the regional Financial Services Industry (FSI) has continued to forge ahead and accelerate the pace of digitisation in response to the pandemic, according to the joint study by Microsoft and IDC. Unveiling the

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New Research Highlights Untapped Opportunity for Fintech in Women’s Market

Despite being strong savers and reliable customers, the women’s market remain largely underserved with only 65% of women benefiting from financial services, compared to 72% of men. Though this gender gap represents a massive opportunity for fintech players, these are

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Evolving Regulatory Landscape Pushes Wealth Managers Towards Regtech Specialists

The rapidly changing regulatory landscape is pushing wealth and asset management companies to turn to specialist regtech providers, experts said. In a webinar that took place on August 25, 2020, Ralf Huber, co-founder of Swiss regtech firm Apiax, and Claire

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Singaporean Businesses Slow in Embracing Finance Transformation, SAP’s Survey Finds

Despite widespread adoption of remote working and digital transformation, finance transformation is still lagging amongst Singaporean businesses, resulting in companies losing US$340 million (S$473 million) annually to inefficiencies and manual processes, according to a new study commissioned by SAP Concur.

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Corporate Venture Capital Funding Booms As Banks Pour Billions Into Fintechs

Corporate venture capital (CVC) funding hit an all-time high last year, with banks pouring billions into fintechs as they look to diversify and feel pressured by increasing competition. From 2014 through Q3 2019, total CVC deals by banks and other

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Visa: Two in Three Singaporeans Interested in Digital-Only Banks

A new breed of digital banking is just around the corner as Singapore introduces its digital banking framework which attracted the likes of Grab, Razer, Ant Financial, Sea Group and many more to bid for the license. With growing interest

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58% of SMEs in South East Asia are Keen in Alternative Financing

In 2020 and onward, an increasing portion of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia will turn to non-traditional financial sources for their financial needs. These sources of funding will need to be available “on-demand” to enable entrepreneurs

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Singapore Leads Asia Pacific in Open Banking

In its Open Banking APAC report, released earlier this month, the EPAA provides an overview of developments in the region and shares findings from a survey of industry participants and experts from APAC. Unlike the regulator-led approach in the European

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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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