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Studies

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

Studies Virtual Banking

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

Studies

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

Regtech Studies

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

Studies

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

Indonesia Lending Studies

Fintech Lending to Drive Indonesia’s Economic Growth

As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the country to reach its full economic

Blockchain Funding Studies Trade Finance

Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding

Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology