Tag "Asia Pacific (APAC)"
Enhancing Remote Working and Cybersecurity a Top Priority of Asia Pacific
Across Asia-Pacific (APAC), firms are ramping up their digital transformation efforts, focusing primarily on adopting cloud computing, improving cybersecurity and enhancing remote working, a new survey by Australian telco firm Telstra. The study, conducted in late-2020, polled 420 business decision-makers
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In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks
Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.
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Fintech Funding for APAC in 2021 Predicted to Be Favourable
Fintech companies in Asia-Pacific (APAC) raised US$3.14 billion across 113 deals in Q4’20 (excluding capital raised by Grab and GoJek), the highest quarterly funding activity for the year. This signals a bright outlook for fintech funding and deal activity in
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APAC Insurers Must Ramp up System Modernization Efforts
The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still
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Digital Banking in Asia Sees Prime Time
Digital banks are proliferating in Asia on the back of favorable regulatory changes, market liberalization pushes by governments, and enhanced digital penetration by consumers. In Singapore’s digital banking race, the Monetary Authority of Singapore granted 4 digital banking licenses with
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Study: APAC Financial Institutions Embrace AI/ML
In Asia Pacific (APAC), adoption of artificial intelligence (AI) and machine learning (ML) in financial markets is accelerating. Though organizations in the Americas still lead in terms of AI/ML maturity and investment levels, those in APAC follow closely behind, according
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Evolving Regulatory Landscape Pushes Wealth Managers Towards Regtech Specialists
The rapidly changing regulatory landscape is pushing wealth and asset management companies to turn to specialist regtech providers, experts said. In a webinar that took place on August 25, 2020, Ralf Huber, co-founder of Swiss regtech firm Apiax, and Claire
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A Guide to Payment Regulations Across Asia Pacific
ASEAN Plus Group (APG), a group of law firms in Asia, has released a comprehensive guide to payment services regulations in Asia Pacific (APAC). The document, maps the latest state-of-play in the payments space in some of ASEAN’s biggest markets
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How to Adopt the Enhanced Version of 3-D Secure for Improved User Experience
Changing customer expectations, the ubiquity of mobile phones and an evolving regulatory landscape are rapidly making the 3D Secure (3DS) standard obsolete. To address customers’ demand for a frictionless e-commerce experience, market participants must adopt 3DS 2.0, experts say. What
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APAC Banks Ramp up Digital Transformation to Prepare for Next Normal
The COVID-19 pandemic, the entry of digital banks as well as changing customer expectations are accelerating banks’ digital transformation plans. In Asia Pacific (APAC), 44% of the top 250 banks are now focused on completing their “connected core” transformation and
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