Tag "Asia Pacific (APAC)"
Bigtechs vs Banks: APAC Consumers’ Trust in Financial Services Shifts
In Asia-Pacific (APAC), banking customers are demanding better online experiences and showing willingness to share their personal data if that means being provided with personalized products and services. Customers are also demonstrating increased trust in bigtech companies to fulfill their
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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC
Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted
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Rising Adoption of IoT Devices Pushes Usage of Edge Computing Upward
In Asia-Pacific (APAC), edge computing is rapidly developing into an important frontier for enterprise innovation and competitive differentiation. Across the region, adoption is rising and usage will only grow moving forward, as consumers, businesses and governments continue to embrace Internet-of-Things
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Rise of Super-Apps Puts Pressure on Incumbents
In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy and become a part of the super-app ecosystem, a new report by Finextra, in association with Infosys Finacle and OneSpan,
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How Are Asia’s Leading Lenders Leveraging Artificial Intelligence?
In Asia Pacific (APAC), artificial intelligence (AI) and machine learning (ML) are increasingly being deployed in credit and risk functions for improved credit assessment, credit scoring and fraud detection. Moving forward, AI will no longer be an option for banks
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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner
Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from
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Less Than 5% of the World’s 400 Neobanks are Profitable
Neobanking has been one of the most talked-about fintech segments of the past decade, a buzzing industry that’s seen an average of 68 new ventures being launched each year since 2017, data from consulting firm Simon-Kucher show. But despite the
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Fintech Companies in Southeast Asia Raised US$1.4B in Q1 2022
After underwhelming performances in 2020, fintech funding in Southeast Asia regained some of its strength in 2021, a dynamism that remained in Q1 2022. During the first quarter of the year, Southeast Asian fintech companies raised a total of US$1.4
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Banks Plan on Tripling their Use of Cloud by 2025
Though cloud adoption in the banking industry has increased steadily over the past years, adoption is projected to accelerate significantly as bank seek to automate processes, apply advanced analytics to data, and enhance their ability to embed partners like fintechs.
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APAC Regulators Accelerate Fintech Regulatory Efforts Amid Rapid Digitalisation
In Asia Pacific (APAC), regulators have been redrawing the regulatory perimeter to take account of new products and services emerging as a result of fintech innovation and emerging technologies. But with COVID-19 accelerating the adoption of digital financial services, financial
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