Tag "regulation"

Indonesia: An Insider’s View into ASEAN’s Fintech Crown Jewel

Indonesia’s fintech industry is entering a new era of growth and maturity, triggered by the COVID-19 pandemic, booming venture funding activity, and a proactive regulatory environment that has committed to fostering innovation to help improve financial inclusion, top executives from

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Explosion of Data Fuels Demand for Regtech Amidst Growing Regulatory Complexity

The proliferation of data and an ever-so complex regulatory environment are driving the rise of regtech, forcing financial institutions to look for new ways and tools to comply, experts said during a panel discussion. During Fintech Fireside Asia’s latest virtual

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Southeast Asia Gears up for Open Finance Movement

Open finance, the next step in the open banking movement that broadens the scope to a wider range of products and services, offers new growth and distribution opportunities for banks, fintechs and other financial services providers. In Southeast Asia, regulators

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New Study from NUS Calls for Risk-Approriate Regulation for BNPL Schemes

Buy now pay later (BNPL) schemes have witnessed strong growth in Singapore but for the sector to develop in a way that’s beneficial to consumers, rules and regulatory oversight are needed, a new paper says. Authored by Allen Sng, a

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Southeast Asia Enters Digital Banking Era

The transformation of consumer expectations and incumbent banks’ slowness to meet evolving consumer needs are creating significant opportunities for Southeast Asia’s new and upcoming digital banks, a Boston Consulting Group (BCG) study found. A survey of 3,250 consumers and 1,350

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SPAC Frenzy Takes Hold of Asia

After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to boost

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India’s Open Banking Landscape Thrives on the Back of Digital Public Infrastructure

Pioneered by banking incumbents, India’s open banking ecosystem has grown to become part of the Indian financial landscape and is now among one of the most advanced in the world. The development of open banking in India has been facilitated

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Insurtech Gets a Boost in India Amid Rising Digital Adoption

Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and

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Open Banking Makes Inroads in Vietnam

In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are

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The State Open Banking in Thailand in 2021

Though no legal regulation on open banking currently exists in Thailand, the government’s digital push with the Thailand 4.0 strategy, and the introduction the Personal Data Protection Act (PDPA) last year suggest a move to open banking frameworks is inevitable.

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