After the financial technology (FinTech) industry’s start in the West, notably in Europe and in the USA, its innovations have established themselves across various markets. FinTech has also experienced adoption and high growth in China. But if we are searching for financial technology’s next hot region, it would be Southeast …
P2P Lending on a Global Scale
In the wake of the 2008 financial crisis, banks started making consumer lending stricter. Cheap, quick loans became difficult to acquire. Some consumers found it difficult to get loans even though they had good credit history. The environment of scarce credit and lengthy approval process became an opportunity for the …
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The ABC of P2P – A Concise Guide to P2P Lending
Peer-to-peer (P2P) lending is a revolutionary FinTech innovation, with the potential to address the lack of SME financing in Singapore. Since traditional middlemen like bankers aren’t part of the system, it increases profits for investors and convenience for borrowers and small businesses. Banks’ major financial model has been interest spreads …
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FinTech as the Future of Inclusion
2016 was a year of surprises, a year mostly remembered for two political upsets: the Brexit vote and the election of Donald Trump as President of the United States. Observers noted that 2016 was characterized by rising anti-globalization. Yet despite the retaliation towards globalization, it is more prudent to address …
The Myths and Misconceptions about FinTech
Ah, financial technology – better known as FinTech. A very booming sector, and there are many thoughts and perceptions about it. Unsurprisingly, there are misconceptions about the industry ever since it shook up the financial world. We can’t deny that FinTech is indeed disruptive and revolutionary, but is it truly …
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FinTech as Digital Solutions for SMEs
The financial technology (FinTech) field grew and developed rapidly as a response to the financial problems we face, from making financial information more accessible to addressing the lack of financial inclusion in various countries. Small and medium-sized enterprises (SMEs), in particular, can benefit from the digital solutions offered by FinTech. …
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The Future of P2P Lending
Financial technology (FinTech) is a very captivating field at the moment. It has attracted growing attention from the media, financial experts, and the public. Much of the spotlight has been given to new and innovative FinTech platforms, but financial technology has been a part of our lives for years now. …
The Myths and Misconceptions about Peer-to-Peer Lending
Over the past couple of years, peer-to-peer (P2P) lending has become an excellent alternative source of business financing, especially for SMEs and start-ups. With peer-to-peer lending, SMEs and start-ups can gain the funding they need for business development. Not only that, peer-to-peer lending is attractive to investors too, with its …
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Traditional Financial Institutions vs P2P Lending Platforms
Lack of financing is one of the biggest problems most businesses face as financing and working capital are necessary for business growth. Many businesses rely on traditional financial institutions such as banks for further funding, but P2P lending platforms are now changing views on financing. These days, bank loans are …
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A Short Guide to FinTech in Singapore
Despite being a relatively new sector, Financial Technology or FinTech continues to gain a foothold in many countries and has become more and more popular. Singapore is not immune to FinTech’s charms and innovations. As an alternative to traditional financial institutions, FinTech can provide efficient and practical solutions for financial …
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