Tag "covid-19"
Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) arrangements. Consumers and businesses are signing up en masse to digital banking
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Investors Bullish on Indonesia’s Fintech Sector
Fintech continued to lead Indonesia’s startup funding landscape in 2020, making up for most of the money raised that year, ahead of software-as-a-service (SaaS) and e-commerce. 2020 marked the fourth year where fintech dominated the amount of funding in the
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India’s Fintech Industry Growing Strong Despite COVID-19
Home to more than 2,100 fintech companies, India is one of the world’s largest fintech markets, after the US, China and the UK. Despite the massive disruption brought by COVID-19, fintech companies remain bullish on the long-term growth prospect of
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Redefining Finance for Good: Indonesia’s Largest Bank Reflects on the Future of Banking
COVID-19 has been an important catalyst for digital transformation across all industries. In banking, the pandemic has accelerated banks’ digitalization push and triggered a sharp rise in digital payments and digital banking usage. In partnership with Finastra, the Fintech News
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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual
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Singaporean Businesses Slow in Embracing Finance Transformation, SAP’s Survey Finds
Despite widespread adoption of remote working and digital transformation, finance transformation is still lagging amongst Singaporean businesses, resulting in companies losing US$340 million (S$473 million) annually to inefficiencies and manual processes, according to a new study commissioned by SAP Concur.
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How Singapore is Helping its Fintech Stay Afloat During the COVID-19 Crisis
In Southeast Asia, Singapore has been leading the way when it comes to fintech innovation. As of late 2019, the city state was home to more than 600 fintech firms, which had attracted over half of total funding for the
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COVID-19 Solidarity: How Fintechs Are Offering Support to Other Fintechs in Asia
The COVID-19 pandemic is impacting businesses of all sizes and in all industries. Around the world, fintechs are showing solidarity by deploying resources to help their community navigate the storm. Today, we look at some of the initiatives launched by
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Fintech Deals See a Downturn Amid COVID-19 Health Crisis
Fintech investment and M&A deals saw a sharp downswing in March due to the COVID-19 outbreak, according to a new report by investment bank Houlihan Lokey. In March, North America and Europe recorded 28 M&A deals in the fintech sector,
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COVID-19 Crisis Likely to Impact Negatively Early-Stage Startup Funding, Investors Say
The COVID-19 pandemic will have a negative impact on early-state investing activity in 2020, investors say. This is according to a survey conducted by 500 Startups which found that more than 80% of investors believe the current health crisis is
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