Tag "Southeast Asia"
Two Asian Firms Make CB Insight’s 2023 Top 50 Insurtech Companies List
In Q2 2023, global insurtech funding recorded a significant 36% quarter-on-quarter (QoQ) decline from Q1’s US$1.4 billion, sliding below the US$1 billion mark for the first time since 2018, new data released by CB Insights show. The drop occurred amidst
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Are Digital Service Providers’ Financial Inclusion Efforts in Asia Bearing Fruit?
In Southeast Asia, the availability of digital financial service alternatives has had a transformative impact on financial inclusion. These initiatives have empowered individuals and micro-businesses, creating opportunities for job creation, education, improved healthcare, and enhanced livelihoods. The positive outcomes of
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Fintechs Are Outperforming Banks in Driving Financial Inclusion
In Southeast Asia, digitalization and technology are playing an important role in expanding access to financial services and fintech companies are spearheading the movement, a new research by the Centre for Impact Investing and Practices (CIIP), a non-profit established by
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Open Banking in APAC: Market-Led vs Regulator-Led Approaches
Open banking is steadily making its way into Asia-Pacific (APAC), and though the industry remains largely nascent compared with pioneers like to European Union, adoption is increasing at a stable pace, enabled by new regulatory frameworks and market-led initiatives. A
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Singapore Leads ASEAN’s Climate Fintech Revolution Amid Climate Emergency
The climate crisis is a defining challenge for Southeast Asia, a region that’s among the most vulnerable to global warming but which also significantly contribute to its cause. Against this backdrop, a new generation of fintech startups are emerging out
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How Gen-Zs Are Redefining Payments
Southeast Asia’s payment ecosystem is undergoing a profound transformation, fueled by rapid adoption of digital payments, modernization initiatives by governments and a burgeoning consumer base of mobile-first young adults with new habits and expectations, a new blog post by payment
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Top 10 Wealthtech Players from Southeast Asia to Watch in 2023
2022 has been a challenging year for fintech startups as investors scaled back their investment, valuations plummeted and tech firms were forced to undergo massive layoffs. But despite turbulent market conditions and shrinking fintech funding activity, several wealthtech players in Southeast
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Singapore Fintech Sector Moves to Scale-Up Phase
Over the years, Singapore has successfully fostered the development of a striving fintech ecosystem, leveraging its historical financial, technological and regulatory strengths. Today, Singapore is one of the Southeast Asia’s fintech leaders and is home to a vast community of
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Southeast Asia’s Cross Border Transfer Industry Landscape
Southeast Asia’s money transfer market is a dynamic and fast-evolving sector that has been impacted by increased digitalization, rapid adoption of digital wallets, and the rise of so-called super-apps. A new report by FXC Intelligence, a financial data company specializing
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Singapore Dominates Nearly Half of All Fintech Funding in ASEAN
Results from the UOB study were shared in the latest Fintech in ASEAN report, an annual report by UOB, PwC Singapore and the Singapore Fintech Association, which looks at the state of fintech in Southeast Asia and venture capital (VC)
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