Global fintech investment robust on back of strong VC funding: KPMG
TOTAL global fintech funding continues to remain strong, with US$8.2 billion (RM34.36 billion) invested in Q3 2017, after more than doubling to US$9.3 billion in Q2, according to the KPMG Pulse of Fintech report....
China’s fintech is still in its infant phase
China’s fintech companies have had a rollercoaster year. The booming industry saw four companies that filed for US IPOs in the second half of the year alone. Episodes of scandals interrupted the orgy when online micro-lenders...
Singapore invites China to test artificial intelligence solutions
NANJING: China has been invited to test its artificial intelligence (AI) solutions in Singapore and work together to help the region tackle everyday problems in areas such as healthcare and banking.
Minister for Finance Heng Swee Keat...
Simplifying Personal Finance in India: Monexo P2P Loans
Digital India initiatives and a general incline of the government, businesses and the people towards online finance has contributed to the digital transformation of India. Amidst all this activity, P2P lending has emerged as...
UAE banks take lead in digitisation and fintech adoption
By Babu Das Augustine,
A number of banks have already announced a number of digital banking initiatives, ranging from sperate digital-only banking platforms to strengthening of existing mobile banking services, rationalising branch networks, and refocusing staff...
Banks need full-scale digitalisation
Moreover, the industry is facing an accelerating digital threat, both from new digital competitors and from customers’ rapid and widespread adoption of digital banking. Left unchecked, this threat could lower the industry’s ROE to...
India’s FinTech adoption rate exceeds global averages: Report
The level of financial technology (FinTech) adoption among digitally active Indian consumers has surged over the past two years and exceeded the global average, says a report.
According to EY FinTech Adoption Index, India has...
Connected Money. HSBC opens a new chapter in digital banking
According to the Financial Times, this became a reality owing to the new regulations designed to boost competition and make it easier to switch providers.
In particular, in UK Open Banking rules came into force at...
WINNING THE DIGITAL BANKING BATTLE
APARNA SHIVPURI
The digital revolution is turning global industries upside down and has reached the banking sector. People now embrace fully integrated banking experiences, using smartphones, tablets and wearables to do everything from buying products...
Consumers ‘Flocking’ To Digital Payments, Led by Internal Transfers
AUSTIN, Texas–Consumers are “flocking” to their digital devices to make payments, according to newly released data.
Overall, volume in money movements rose 5%– 7% per financial institution in the past year, covering these types of...
