Studies
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
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Singapore’s Fintech Adoption Has Increased by Almost Three Times in Just Two Years
In just two years, the rate of Fintech adoption among Singapore consumers has almost tripled, according to the EY Global FinTech Adoption Index 2019. Singapore’s adoption rate jumped from 23% to 67% between 2017 to 2019. The jump positions Singapore
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Global Fintech Adoption Is at an All Time High, EY Study Shows
Consumer adoption of fintech services has surged globally in the past years, rising from 16% in 2015 and 33% in 2017, to now 64%, an increase of almost 100% every two years. China and India are leading the trend with
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Fintech is the Single Largest Sector in Cambodia’s Startup Scene
With 78% of the population unbanked, only 3% population owning a credit card, and 13% using mobile payment, a new report seems to indicate that Cambodia’s fintech is poised for growth. The rise of fintech platforms and products could represent
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What Have We Learned from Sandboxes and Innovation Offices?
If properly regulated, technology-enabled financial services such as mobile payments, peer-to-peer (P2P) lending, alternative credit scoring, and new forms of savings and insurance, can accelerate the rise in financial inclusion for the 1.7 billion people worldwide who do not have
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New Report Explores Singapore and London Strengths and Challenges as Fintech Hubs
Though Singapore and London have all the key elements to enable the emergence of thriving fintech ecosystems, challenges remain for the two locations which shouldn’t be undermined, including the need to collaborate. In a new international research report titled Fintech
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10 Takeaways from the Fintech Ecosystem Playbook
In the recently released Fintech Ecosystem Playbook, EY gives a panoramic view of the fintech ecosystem in 26 fintech hubs in emerging markets across six clusters, namely ASEAN, Latin America, Central, Eastern and Southeastern Europe and Central Asia (CESA), the
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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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Investors Bullish on Fintech in Southeast Asia, Especially Indonesia
Nearly 75% of limited partners (LPs), or organizations and individuals investing into funds and non-direct investment entities such as family offices, high net worth individuals and corporate venture capital entities, are bullish on fintech in Southeast Asia with Indonesia perceived
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Tracxn Report: Fintech Growing Fast in SEA; Payments & Investment Tech Are Top Two Funded Segments
Since 2007, over US$300 million has been invested into Southeast Asian fintech startups, with more than half of that amount being invested in 2015 alone. The rise in the funding activity comes along with the growth of the fintech startup
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