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
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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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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
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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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