Studies

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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E-Commerce Firms May Be in The Forefront of South East Asia’s Digital Banking Revolution

In a new report released by S&P Global Market Intelligence earlier this month, the financial information services provider says that for both new digital banks and incumbent banks, affiliation with technology platforms serving large pools of consumers and small businesses

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Research Highlights Top Tech Trends in APAC to Watch out for in 2020

In Asia Pacific (APAC), #blockchain was in the top five most used hashtags around banking this year, with respondents in Malaysia being more likely than those in other countries to vote it as the most transformative of 2020, according to

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In Southeast Asia, 50% of Financial of Financial Authorities Have Developed Regtech Initiatives

50% of financial authorities in Southeast Asia have developed regtech initiatives, showcasing a wider trend among regulators across the region as these increasingly turn to technology to help them adapt to the changing financial services landscape, according to a new

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Southeast Asia’s Booming Internet Economy to Boost Fintech Growth

Southeast Asia’s Internet economy is booming, driven by the ubiquity of mobile phones, rising Internet penetration and a growing middle class, according to a new report by Google, Temasek and Bain & Company. In the e-Conomy SEA Report 2019, released

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