Tag "fintech regulation"
In Vietnam, Rural Adoption Is the Driving Force for Cashless Payments
In 2022, cashless payments continued to see increased usage in Vietnam, carrying on a trend that accelerated with the COVID-19 pandemic. This trend is emerging at the expense of cash usage which continued its decline last year. In 2022, non-cash
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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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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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5 Stories that Shaped Fintech in Singapore in 2020
Despite global turbulences caused by COVID-19, the Singapore fintech industry remained resilient in 2020 on the back of new favorable rules, fintech initiatives from the government, and increased demand for digital solutions. Over the past five years, the Singapore fintech
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Vietnam’s Deputy Prime Minister Says It Will Be Piloting P2P Lending Soon
Deputy Prime Minister Vuong Dinh Hue announced during a ministerial meeting recently that the Vietnamese government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending before officially developing a regulatory framework for the new fundraising
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New Report Explores Singapore and London Strengths and Challenges as Fintech Hubs
Though Singapore and London have all the key elements to enable the emergence of thriving fintech ecosystems, challenges remain for the two locations which shouldn’t be undermined, including the need to collaborate. In a new international research report titled Fintech
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Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore
Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. In an exclusive interview (paywall) with the Business Times, Ravi Menon,
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Singapore Financial Watchdog Proposes New Rulings To Facilitate Growth Of Robo-Advisors
The Monetary Authority of Singapore (MAS), the city-state’s financial watchdog and central bank, has proposed several regulatory changes aimed at boosting the growth of robo-advisors in Singapore and support innovation in financial services. The new proposals were presented in a
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Fintech Regulation in Asia: How Singapore, HK, Korea, Japan, China, India Are Doing it
In 2015, Asia’s fintech startups attracted US$4.5 billion in venture capital funding through 130 deals, making the region the second biggest player in terms of venture capital following North America with US$7.7 billion through 378 deals. According to a report
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Fintech in Asia: Recent Regulatory Developments
The digital revolution is bringing sweeping changes to the banking and financial industry. As digital platforms and new business models are growing in popularity, governments from around the world have started responding to the emergence of fintech. Today, we take
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