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Banks Losing Ground to Fintechs in Asia’s Cross Border Payments Space
Fintech companies and specialist providers are rapidly gaining ground in Asia’s cross-border payment market, putting increased competitive pressure on banking incumbents and forcing them to look for new opportunities, a new report by global consultancy McKinsey claims. In Asia, fintech
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Singapore Study on Harvard Case Platform Reveals What Sets DBS’ Digital Transformation Apart
Singapore-based DBS Bank has become a top-ranked bank globally driven by its successful digital transformation initiatives, focus on sustainability, and high-quality customer service. DBS has managed to maintain its competitive edge by embracing digital innovation and staying at the forefront
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McKinsey: Asia’s Booming Affluent Segments Introduce New Opportunities in Digital Wealth
In Asia, the wealth of affluent and mass-affluent customer segments is growing rapidly, bringing about new opportunities and growth prospects for banks and wealth managers alike in the region. But to tap into this opportunity, services providers will need to
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Singapore Hits Highest Fintech Funding in 3 Years, Crypto Snagged US$1.2 Billion
Fintech investments in Singapore witnessed a three-year-high of US$4.1 billion across 250 deals according to the KPMG Pulse of Fintech H2’22. 2022’s total deal value here saw a 22 percent increase, up from US$3.4 billion in 2021, and a 75
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Partior Sets Sights on the Future of Global Money Movement
Partior is a blockchain-based exchange platform, a fintech company operating within the exciting Web3 space that is being hailed as the future of the internet. Blockchain technology provides a secure and decentralised ledger that can be used to record and
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