Tag "Fintech"

How Well Are Insurtechs Plugging Vietnam’s Coverage Protection Gaps?

The insurance market in Vietnam has grown along with the country’s surge to economic prominence in recent years. During the 1990s, only general insurance was offered by the state-owned insurance group Bao Viet. It was only in 1995 that life

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E-Commerce Boom Propelling Digital Payments Adoption in Southeast Asia

Southeast Asia (SEA) is experiencing exponential growth in digital payments encouraged by a booming e-commerce scene. The region is now home to some of the world’s largest online marketplaces in some of the fastest-growing economies like Indonesia, Malaysia, Singapore, and

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3 Hurdles Vietnam has to Overcome to Become a Fintech Leader

The fintech industry has been growing steadily in Vietnam, fueled by increasing smartphone and Internet penetration, the country’s young population, and its rising middle class. According to the lastes Fintech Map  the number of fintech companies in Vietnam has increased

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How COVID-19 Is Shaking up the Fintech Industry

The coronavirus pandemic is putting a toll on the global economy at large, and although tech and digital companies, including fintechs are arguably the most prepared, they are still facing the impact in various ways. The impact of the global

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6 Agri-Fintech Startups in Asia to Follow in 2020

Agritech, which refers to the use of technology and technological innovation to improve the efficiency and output of agriculture, is poised to have a major impact across the world, and most particularly emerging markets. Agritech covers a wide and varied

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A Review of Singapore’s Top Fintech Developments in 2019

In 2019, Singapore continued to pursue its ambition to become the world’s first Smart Nation with a leading Smart Financial Centre, inking partnerships with international peers, launching nationwide initiatives to further development and adoption of cutting-edge technologies, and introducing new

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In Southeast Asia, 50% of Financial of Financial Authorities Have Developed Regtech Initiatives

50% of financial authorities in Southeast Asia have developed regtech initiatives, showcasing a wider trend among regulators across the region as these increasingly turn to technology to help them adapt to the changing financial services landscape, according to a new

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The Most Well-Funded Fintech Startups in APAC by Country in 2019

Global fintech investment witnessed a massive surge in 2018 with most of that amount going towards companies in Asia Pacific (APAC). Out of the US$55.3 billion raised by fintech companies last year, 54% of that was raised by APAC companies,

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With Mobile Payments on the Rise, Creator of QR Codes Thinks It Needs a Security Revamp

QR Codes were first invented in 1994 by Japanese engineer Masahiro Hara. When it was created for Denso, they were originally used for manufacturing and issuing tickets and coupons. Never in Masahori Hara’s wildest dream did he imagine that his

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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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