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Singapore studying if fintechs should operate digital-only banks
Singapore’s central bank said it is studying whether to allow financial technology firms (fintechs) to operate digital-only banks in the city-state. Read more…
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FinTech big challenge to traditional banks in Asia Pacific
Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business Read more…
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Forget AI, banks need to get rid of legacy systems to stand a chance
Banks will not stand a chance against FinTech start-ups crowding into the profitable bits of the market unless they fix their basic problems. Read more…
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Good news! STOs are not ICO 2.0! Here’s what that means
In the wake of the ICO bust, STOs (security token offerings) are tipped as the Next Big Thing in 2019 – but don’t call them ICO 2.0, say the experts. Read more…
Off the Wire
Ten trends shaping fintech – McKinsey report
McKinsey recently published a paper outlining ten trends shaping fintech, focusing in particular on the industry’s investment potential. Read more…
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New Asia-Pacific FinTech network targeting innovation
The new Asia-Pacific #FinTech Network aims to facilitate greater collaboration throughout the region and encourage #innovation across borders. Read more…
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Fed wary of disruptive fintech firms. Really?
The U.S. Federal Reserve is wary of giving “fintech” firms access to the country’s financial infrastructure citing lack of robust risk-management controls. Read more…
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Mapping disruption across industries will look like a lava lamp
Disruption will not be consistent, nor global. It will be patchy, opportunistic and will depend to a huge extent on culture. It will look like a lava lamp. Read more…
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Four ways Singapore will embrace digital transformation in 2019
In 2019, Singapore will see an influx in the use of AI solutions, not just across the SMB sector, but in the form of digital services such as chatbots. Additionally, we’ll also see financial institutions Read more…
Off the Wire
Asian consumers ready to embrace cash-free Fintech future
Consumers in Taiwan, Thailand and Indonesia say they are among the most ready in the world to embrace a cash-free, Fintech future, whereas in Japan and other markets surveyed, consumers are taking more of a Read more…