Tag "emerging markets"

World Bank Study Reveals Key Factors Enabling Fintech Growth

Countries with deeper, more inclusive and more competitive banking systems are exhibiting lower levels of fintech activity than countries with less developed and less competitive banking systems, a phenomenon which could be in part explained by higher barriers to entry

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The Future of Finance: How to Cope With Open Banking In Emerging Asia

For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to reach US$69 trillion by 2025, or 75% of

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COVID-19 Has Given All Fintech Verticals A Boost Except Digital Lending

The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint

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10 Takeaways from the Fintech Ecosystem Playbook

In the recently released Fintech Ecosystem Playbook, EY gives a panoramic view of the fintech ecosystem in 26 fintech hubs in emerging markets across six clusters, namely ASEAN, Latin America, Central, Eastern and Southeastern Europe and Central Asia (CESA), the

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Fintech Mainstream Adoption To Be Driven By Emerging Markets

Over the past 18 months, adoption of fintech solutions has surged globally with now 33% of digitally active consumers across 20 markets using such products and services compared with 16% in 2015, according to EY’s latest EY Fintech Adoption Index.

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Digital Technologies And Fintechs to Drive Financial Inclusion in Asia

With an estimated 2 billion adults and 200 million micro, small and midsize businesses (MSMEs) worldwide considered as unbanked or underbanked, financial inclusion has emerged as a critical development challenge and an opportunity for fintechs. The unbanked are those who

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