Tag "Asia"
DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
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Here Are 8 Competitions in Asia Your Fintech Startup Can Join
In the tech scene, participating in startup competitions, challenges and hackathons can provide young ventures with great networking and funding opportunities, as well as exposure. For this list, we’ve focused on startup competitions and hackathons for fintechs in Asia. Some
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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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Digital-First, Challenger Banks in Asia
Asia’s banking landscape is on the verge of a major transformation as regulators introduce new rules to open up the market and welcome new digital-only, challenger banks. The following list aims to provide a comprehensive overview of Asia’s challenger banks
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5 Wealthtech Trends in Asia for 2020
Technology is transforming all aspects of the financial services industry including asset and wealth management industry. Over the past couple of years, new companies have entered the industry offering advice based on artificial intelligence (AI) and big data, micro-investment platforms,
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What are Stablecoins and Why Is it Growing in Asia?
Stablecoins are cryptocurrencies designed to minimize price volatility, it is often praised for offering the advantages of cryptocurrencies, including transparency, efficiency and low transaction fees, while overcoming the wild price swings inherent to the likes of bitcoin and ether. Proponents
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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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Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?
More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe. This trend is driving traditional banks to switch to expand their businesses digital channels,
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15 Fintech Maps Showcasing the State of Fintech in Asia
On many aspects, Asia is leading the fintech revolution. First, in terms of consumer adoption of fintech products, more than half of adult consumers active online in China and India, the two most populous countries in the world, regularly use
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Fintech News Network: 12 Infographics Showcasing the State of Fintech Around the World
2018 was an exciting year for fintech around the world with many developments across Europe, Asia and the Middle East. Worldwide, fintech companies raised a whopping US$57.9 billion through 875 deals in the first six months of 2018 alone, already
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