Financial inclusion is increasingly becoming a buzzword in the finance arena. While crucial in setting a strong foundation for development, the Southeast Asian (SEA) region and the world still has a lot of room for improvement. This is where Peer-to-Peer (P2P) lending can step in to steer the money lending …
Why FinTech is Rapidly Growing in Southeast Asia
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 challenging to acquire. Some consumers found it difficult to get loans even though they had a good credit history. The environment of scarce credit and lengthy approval process became an opportunity for …
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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. …
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The Unexpected Synergy between Banks and FinTech
FinTech’s emergence has caused fear in the hearts of some in the financial industry. Writers and analysts often predict that the banking sector will “lose” because of FinTech. Yes, FinTech can be disruptive, but it is not a threat to banking. FinTech fulfills our financial needs with far more ease …
4 Advantages of Crowdfunding and P2P Lending
Crowdfunding and P2P lending have recently gained popularity as a financing alternative for SMEs and small businesses. Despite the relative newness of both these financing models, it seems they are here to stay. Here are 4 advantages of crowdfunding and P2P lending. 1. Provides easy access to capital The main …
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